Question

You own 100 shares of a stock that currently sells for $1,200 a share. The company is about to declare a 20-for-1 stock split. Which of the following best describes your likely position after the split? a. You will have 2,000 shares of stock, and the stock will trade at or near $120 a share. b. You will have 2,000 shares of stock, and the stock will trade at or near $60 a share. c. You will have 100 shares of stock, and the stock will trade at or near $60 a share. d. You will have 5 shares of stock, and the stock will trade at or near $1200 a share. e. You will have 5 shares of stock, and the stock will trade at or near $60 a share.

          You own 100 shares of a stock that currently sells for $1,200 a share. The company is about to declare a 20-for-1 stock split. Which of the following best describes your likely position after the split?
a. You will have 2,000 shares of stock, and the stock will trade at or near $120 a share.
b. You will have 2,000 shares of stock, and the stock will trade at or near $60 a share.
c. You will have 100 shares of stock, and the stock will trade at or near $60 a share.
d. You will have 5 shares of stock, and the stock will trade at or near $1200 a share.
e. You will have 5 shares of stock, and the stock will trade at or near $60 a share.

Added by Andres C.

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