Question
Read the announcement by Tesla (NASDAQ: TSLA) below: Tesla Announces a Five-for-One Stock Split GLOBE NEWSWIRE, Aug 11, 2020 PALO ALTO, Calif., Aug. 11, 2020
Read the announcement by Tesla (NASDAQ: TSLA) below:
Tesla Announces a Five-for-One Stock Split
GLOBE NEWSWIRE, Aug 11, 2020
PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Tesla, Inc. announced today that the Board of Directors has approved and declared a five-for-one split of Teslas common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
Which of the following statements is NOT correct? Compared to Friday 28th August 2020, on Monday 31st August 2020 Teslas:
Select one:
a. Number of stock should increase.
b. Share price should fall.
c. PE ratio should fall.
d. Dividend yield should remain the same.
e. Earnings should remain the same.
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