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Apple (AAPL) recently had a 4 for one stock split. Before its split, Apple had 4.3 billion shares of stock outstanding that sold for $420
Apple (AAPL) recently had a 4 for one stock split. Before its split, Apple had 4.3 billion shares of stock outstanding that sold for $420 per share. Assuming no market imperfections or tax effects exist. After Apple issued its 4 for 1 stock split, what will be the total number of shares and what will be the share price?
Group of answer choices
8.6 billion shares selling at $220 per share
17.2 billion shares selling at $105 per share
12.9 billion shares selling at $140 per share
4.3 billion shares selling at $440 per share
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