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You own 1,000 shares of Edwardo Co. The shares are currently selling for $24. The company has just announced a 3-for-1 stock split. How many
You own 1,000 shares of Edwardo Co. The shares are currently selling for $24. The company has just announced a 3-for-1 stock split. How many shares will you own after the split, and approximately what will your holdings in Edwardo Co be worth?
4,000 shares worth about $32,000
330 shares worth about $24,000
3,000 shares worth about $24,000
333 shares worth about $8,000
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