Question
A person owned 300 shares of MNO common stock which cost $23,400. MNO then had a 3-for-1 stock split. After the split, the person sold
| A person owned 300 shares of MNO common stock which cost $23,400. MNO then had a 3-for-1 stock split. After the split, the person sold 100 shares for $5,600. How much gain (or loss) resulted from the sale? |
|---|
| A | $1,500 gain | |
|---|---|---|
| B | $3,000 gain | |
| C | $1,500 loss | |
| D | $3,000 loss |
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Elements Of Structured Finance
Authors: Ann Rutledge, Sylvain Raynes
1st Edition
0195179986, 978-0195179989
