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

---

Definitions:

Foreign Exchange Market

A worldwide platform for trading one country's currency for another.

Resource Market

A market where resources (such as labor, capital, and raw materials) required for the production of goods and services are bought and sold.