Coombs Corp

question 60

Multiple Choice

Coombs Corp.declared a two-for-one stock split.Solly Fogarty owned 500 shares of Coombs that were trading for $20 each before the split.Which of the following is likely to be true after the split?

• A)The number of shares Solly owns will increase by 50%.
• B)The market price per share will drop by 50%.
• C)The total market value of Solly's shares will double.
• D)The market price per share will increase by 100%.

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Definitions:

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A historic church in Ravenna, Italy, known for its exquisite Byzantine mosaics dating from the 6th century.

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The art produced by Christians or under Christian patronage from about the late 2nd to the early 5th century, marked by symbolic representations and the use of Christian motifs.

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