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Suppose you own 20% of Lexington Corporation's 400,000 outstanding common shares. The stock was trading for $180 per share before the firm's executives announced a
Suppose you own 20% of Lexington Corporation's 400,000 outstanding common shares. The stock was trading for $180 per share before the firm's executives announced a 3-for-2 stock split. After the split, you will own shares worth per share. 80,000; $120 O 30,000; $180 O 20,000; $180 O 13,333; $270 O 120,000; $120
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