You Own Stock in a Company That Just Announced a 3-1

question 17

Multiple Choice

You own stock in a company that just announced a 3-1 stock split.If shares currently trade at $15 a share,what should the stock price be after the stock split?

• A) $15
• B) $5
• C) $45
• D) $30

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Definitions:

Neurotic

Relates to a psychological condition characterized by anxiety, depression, or other mental and emotional disorders, not attributed to any underlying physical cause.

Psychotic

Relating to psychosis, a mental disorder characterized by a disconnection from reality, such as hallucinations or delusions.

Childhood

The period of time in a person's life that is from birth to puberty, characterized by growth and development.

Higher Needs

In Maslow's hierarchy, these are the psychological needs that appear after basic physical needs are met, including esteem and self-actualization needs.