When a Company Declares a 3-For-1 Stock Split,the Number of Outstanding

question 39

Multiple Choice

When a company declares a 3-for-1 stock split,the number of outstanding shares

• A)is tripled compared to the number of shares that were outstanding prior to the split.
• B)stays the same,but,the number of issued shares triples.
• C)is tripled,while the number of issued shares is reduced to one-third of the original issued shares.
• D)is reduced,and the number of issued shares is tripled.

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Definitions:

Method of Substitution

A technique used to solve systems of equations by solving one equation for one variable and then substituting that expression into the other equation(s).

System of Equations

A set of equations with the same variables, where the solution is the set of values that satisfies all equations simultaneously.

Hyperbola

A type of smooth curve lying in a plane, defined by its geometric properties or by equations that satisfy its definition, characterized by two branches mirrored across the axis or center.

Standard Form

A way of writing equations in a specific order, often used in mathematics to simplify expressions or solve equations.