Series 7 - General Securities Representative Exam
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Your client owns 10,000 shares of a stock. The stock just split 5:4. How many shares does your client now have?
8,000
A
12,500
B
20,000
C
Not enough data to calculate
D
Explanations
Multiply the number of shares times the fraction of the split 5/4 in this case. 12,500