Question
Suppose Sammy has 100 shares of BearKat Bank stock with a stock price of $24 per share. BearKat Bank announces a 4 for 1 stock
-
Suppose Sammy has 100 shares of BearKat Bank stock with a stock price of $24 per share.
BearKat Bank announces a 4 for 1 stock split.
Which of the following correctly shows Sammy's holdings after the stock split?
A. He has 25 shares of stock at a price of $6 a share.
B. He has 400 shares of stock at a price of $6 a share.
C. He has 400 shares of stock at a price of $96 a share.
D. He has 25 shares of stock at a price of $96 a share.
-
Suppose Sammy has 100 shares of BearKat Bank stock with a stock price of $24 per share.
BearKat Bank announces a 4 for 1 stock split.
Which of the following correctly shows Sammy's holdings after the stock split?
A. He has 25 shares of stock at a price of $6 a share.
B. He has 400 shares of stock at a price of $6 a share.
C. He has 400 shares of stock at a price of $96 a share.
D. He has 25 shares of stock at a price of $96 a share.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Multifractal Financial Markets An Alternative Approach To Asset And Risk Management
Authors: Yasmine Hayek Kobeissi
1st Edition
1461444896, 978-1461444893
