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You currently own 600 shares of stock AAA. The stock currently trades at $3 a share. The company is contemplating a 1-for-3 reverse stock split.

You currently own 600 shares of stock AAA. The stock currently trades at $3 a share. The company is contemplating a 1-for-3 reverse stock split. Which of the following best describes your position after the proposed stock split takes place?

You will have 1,800 shares of stock with $1 a share.

You will have 200 shares of stock with $9 a share.

You will have 1,800 shares of stock with $9 a share.

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