The Stock in Your Portfolio Was Selling for $40 Per

question 54

Multiple Choice

The stock in your portfolio was selling for $40 per share yesterday,but has today declared a three-for-two split.Which of the following statements seems to be true?

• A) There will be two-thirds as many shares outstanding, and they will sell for $60.00 each.
• B) There will be four times as many shares outstanding, and they will sell for $160.00 each.
• C) There will be 50% more shares outstanding, and they will sell for $26.67 each.
• D) There will be one-and-one-half times as many shares outstanding, and they will sell for $60.00 each.

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Definitions:

Latitude

A geographic coordinate that specifies the north-south position of a point on the Earth's surface.

Epilimnion

The epilimnion is the upper layer of water in a stratified lake, characterized by warmer temperatures and high levels of oxygen.

Hypolimnion

The colder, bottom layer of water in a stratified lake, lying below the warmer epilimnion.

Overturn

To upset or reverse a decision, situation, or setup, often dramatically.