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Suppose you own 300 shares in a company with a market price of $60. The company has just announced an immediate 3 for 1 stock

Suppose you own 300 shares in a company with a market price of $60. The company has just announced an immediate 3 for 1 stock split. Which of the following is TRUE, after the stock split has occurred? a) The company will have raised a large some of money by doing the stock split. b) You will now own 100 shares. c) Your shares will now be worth $20 each d) Your % ownership of the company will not change

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