Genie Corporation Recently Declared a Three-For-One Stock Split

question 308

Multiple Choice

Genie Corporation recently declared a three-for-one stock split.Before the split the stock was worth $100 per share.If you owned 100 shares before the split occurred,you now own ____ shares worth approximately ____ per share.

• A)200; $33
• B)200; $50
• C)300; $50
• D)300; $33

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Definitions:

Empirical Approach

A method of investigation that relies on direct observation and experimentation to gather evidence.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgement.

Neuroscience Perspective

An approach to understanding behavior and mental processes through the study of the brain, nervous system, and other biological aspects.

Introspection

The self-examination or introspection of one's psychological and emotional conditions.