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:

Combat Sweatshops

Efforts and policies aimed at improving working conditions and wages in sweatshops, which are often characterized by unfair labor practices and exploitation.

Contractors

Individuals or companies that undertake a contract to provide materials or labor to perform a service or do a job.

Combat Sweatshops

Efforts and policies aimed at improving working conditions and fighting the exploitation of workers in sweatshops, where labor laws are often violated.

Workers Rights Consortium

An independent labor rights monitoring organization, focused on protecting the rights of workers in the global supply chain.