Question
Maria-Cecilia purchased 200 shares of ABC Company at $20 per share. When the shares were trading at $50 per share, the company executed a 2
Maria-Cecilia purchased 200 shares of ABC Company at $20 per share. When the shares were trading at $50 per share, the company executed a 2 for 1 stock split. A month later when the shares were at $40 the investor sold 200 shares. What would be Maria-Cecilia's profit on these 200 shares?
$4,000
$6,000
$8,000
$12,000
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
14th edition
133879879, 978-0133879872
