Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You currently own 1 share of stock in Berkshire Hathaway Inc.The stock currently trades at $295,000 a share.The company is contemplating a 1000-for-1 stock split.Which
You currently own 1 share of stock in Berkshire Hathaway Inc.The stock currently trades at $295,000 a share.The company is contemplating a 1000-for-1 stock split.Which of the following best describes your position after the proposed stock split takes place?
You will have 1 share of stock with $295,000 a share.
You will have 1 share of stock with $295.0 a share.
You will have 1,000 shares of stock with $295,000 a share.
You will have 1,000 shares of stock with $295.0 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