Question
4 (2 points) On August 15, Eagle Corporation announced a stock split on Oct 10th which will occur on Oct 12th. The closing prices were
4 (2 points) On August 15, Eagle Corporation announced a stock split on Oct 10th which will occur on Oct 12th. The closing prices were $20 and $20.88 on Oct 10 th and Oct 11th respectively. The opening price of the stock on Oct 12th was 9.02 and nothing special happened during these days. Which of the following statement is mostly likely to be correct? The company announced a 3-for-7 stock split. The company announced a 7-for-3 stock split. If someone hold a portfolio of 1,000 shares of Eagle, she/he will suffer a loss of 11,860. The number of Treasury stock is not affected but the company need to adjust number of shares outstanding
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