A 3-For-1 Stock Split Will

question 78

Multiple Choice

A 3-for-1 stock split will:

• A) triple the par value and drop the number of outstanding shares by one-third.
• B) have no effect on the par value, but will affect the number of outstanding shares.
• C) have no effect on the number of outstanding shares, but will affect par value.
• D) cut the par value by one-third and triple the number of outstanding shares.

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