c17 q 11 Stock split.If a company declares a 4-for-3 stock split, the price before the split is $180, and the price after the split is $135, show that a current shareholder is no better off after the split.

Current shareholders are no better off after the

4-for-3

split because if they owned

three shares

at

$180

per share before the split, they would then own

4

3

7

3/4

shares worth

$135

each immediately after the split.(Select from the drop-down menu.)