Question
Mr. Bean currently owns 650 shares of ABC, Inc. Each share is worth $59. If the company declares a 3-for-2 stock split, Mr. Bean will
Mr. Bean currently owns 650 shares of ABC, Inc. Each share is worth $59. If the company declares a 3-for-2 stock split, Mr. Bean will own _____ shares at a value of _____ per share, all else constant.
| a. | 867; $44.25 | |
| b. | 488; $78.67 | |
| c. | 867; $78.67 | |
| d. | 975; $39.33 | |
| e. | 975; $34.25 |
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
