In a Three for Two Stock Split for a Company

question 106

Multiple Choice

In a three for two stock split for a company that previously had 1 million shares outstanding selling at $100 per share and a total market value of $100 million, which of the following is true:

• A)The number of outstanding shares will drop to 666,666, and the stock price will increase to $150
• B)The number of outstanding shares will increase to 1.5 million, and the stock price will drop to $66.67
• C)The number of outstanding shares will increase to 1.5 million, and the stock price will rise to $133.33
• D)The market value of the firm will increase 1 million shares x (.15) = 1.5 million
• Since total market value does not change:

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Definitions:

FOB Destination

A shipping term indicating that the seller bears freight charges and owns the goods until they are delivered to the buyer’s location.

Freight Charges

Costs associated with transporting goods from one place to another.

FOB Destination

A shipping term indicating that the seller pays for transportation and is responsible for the goods until they are received by the buyer.

FOB Shipping Point

A term indicating that the buyer assumes responsibility for the goods and the transportation costs at the point of origin.