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%.