Coombs Corp

question 44

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:

Fur Trade

The trading of animal pelts and furs between trappers, indigenous peoples, and merchants, which played a significant role in the colonial history and economic development of North America and Europe.

French and Indian Relations

Refers to the historical interactions between French colonists and Native American tribes, including alliances, trade, and conflicts, particularly during the colonial period in North America.

Way of Life

The manner in which people live, encompassing their habits, attitudes, moral standards, and cultural practices.

Pueblos

refers to both the indigenous people from the Southwestern United States known for their unique adobe dwellings and to the towns established by these people.