An Investor Owns 300 Shares of Stock Currently Selling for $70

question 5

Multiple Choice

An investor owns 300 shares of stock currently selling for $70 per share.After a 3-for-2 stock split,the investor will have:

• A) 200 shares selling for $93.10 each.
• B) 200 shares selling for $105.00 each.
• C) 450 shares selling for $46.67 each.
• D) 450 shares selling for $93.10 each.

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Definitions:

Delegation

The transfer of a contractual duty.

Plastic Surgeon

A medical specialist focused on reconstructing or repairing parts of the body by moving tissue for cosmetic or functional reasons.

Legally Valid

Having a status that is recognized and enforceable by law or within the legal system.

Satisfactory Performance

In contract law, the situation that exists when either personal taste or objective standards determine the contracting parties have performed their contractual duties according to the agreement.