Question
Stark Industries' stock currently sells for $150 a share. You own 200 shares of the stock. The company is contemplating a 2-for-1 stock split. Which
Stark Industries' stock currently sells for $150 a share. You own 200 shares of the stock. The company is contemplating a 2-for-1 stock split. Which of the following best describes what your position will be after such a split takes place?
A. You will have 400 shares of stock, and the stock will trade at or near $75 a share.
B. You will have 200 shares of stock, and the stock will trade at or near $60 a share.
C. You will have 100 shares of stock, and the stock will trade at or near $150 a share.
D. You will have 100 shares of stock, and the stock will trade at or near $60 a share.
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