Before a 3-For-1 Stock Split, the Shares Outstanding Were 5,000

question 31

Multiple Choice

Before a 3-for-1 stock split, the shares outstanding were 5,000 shares at $48 par. After the split, what was the par value and number of shares?

• A)15,000 shares and $48/share
• B)20,000 shares and $48/share
• C)15,000 shares and $16/share
• D)5,000 shares and $768/share

---

Definitions:

Expected Pay

The anticipated or forecasted amount of money one expects to receive for work performed or investment.

Probability

A measure of the likelihood that a specific event will occur, expressed as a number between 0 and 1.

Hourly Rate

A rate of payment for one hour of work, often used to calculate wages for part-time or contract employees.

Financial Risk

Uncertainty about monetary outcomes.