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(Solved): You own 100 shares of High Level stock, which currently sells for $400 a share. The company is conte ...
You own 100 shares of High Level stock, which currently sells for
$400a share. The company is contemplating a 4 -for- 1 stock split. What will your position be after such a split takes place? a. You will have 25 shares of stock, and the stock will trade at or near 5100 a share. b. You will have 25 shares of stock, and the stock will trade at or near 5400 a share. c. You will have 400 shares of stock, and the stock will trade at or near
$400a share. d. You witt have 400 shares of stock, and the stock will trade at or near
$100a share.
