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Pero Corp. declared a two-for-one stock split. Rory Johnson owned 500 shares of Pero that were trading for $20 each before the split. Which of
Pero Corp. declared a two-for-one stock split. Rory Johnson owned 500 shares of Pero that were trading for $20 each before the split. Which of the following is likely to be true after the split?
Options:
None of the presented choices. | |
The number of shares Solly owns will increase by 100%. | |
Coombs' shareholder's equity will increase by 100%. | |
The number of common shares issued by Coombs will drop by 50%. | |
Coombs' retained earnings will drop by 50%. |
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