Before the Announcement of a Three-For-One Stock Split, the Selling

question 58

Multiple Choice

Before the announcement of a three-for-one stock split, the selling price for a share of stock in Olympia Oil Refineries was $150 per share. Immediately after the stock split, the probable price per share is:

• A) $450.
• B) $ 50.
• C) $350.
• D) $150.

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