Question
Heidi owns 720 shares of Boyd Enterprises, which is priced at $65.72 per share. The company plans a 3-for-1 stock split. How many shares will
Heidi owns 720 shares of Boyd Enterprises, which is priced at $65.72 per share. The company plans a 3-for-1 stock split. How many shares will Heidi own and what will the share price be after the stock split?
Multiple Choice
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2,160; $197.16
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2,160; $21.91
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240; $197.16
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2,160; $65.72
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240; $21.91
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Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
