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

question 77

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:

Humans

The species Homo sapiens, characterized by its use of language, complex social structures, and sophisticated tool use and technology.

Terminal Behavior

The behavior that just precedes reinforcement when an animal is reinforced on an interval schedule of reinforcement.

Reinforcement

is a process in psychology that strengthens or increases the likelihood of a behavior by providing a consequence that is rewarding or removing an unpleasant stimulus.

Schedule-Induced Polydipsia

The high levels of water consumption following food reinforcement on an interval schedule.