Mercury Homes Just Declared a 4-For 3 Stock Split

question 76

Multiple Choice

Mercury Homes just declared a 4-for 3 stock split. Which of the following occurred as a result of this split? I. number of shares outstanding increased by 1/3
II) number of shares outstanding decreased by 1/4
III) price per share increased by 1/3
IV) price per share decreased by 1/4

• A) I only
• B) I and III only
• C) I and IV only
• D) II and III only
• E) II and IV only

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Definitions:

Reading

involves the process of decoding symbols (like letters and words) to derive meaning, a fundamental skill for acquiring knowledge and information.

Focused

Having or displaying sharp concentration on a particular aim, task, or subject, paying careful attention to details.

Caracole

A half-turn executed by a horse and rider, often seen in classical dressage, or a spiral staircase.

Visual Cortex

The part of the cerebral cortex responsible for processing visual information, located in the occipital lobe of the brain.