One of your clients owns 1500 shares of LMNOP stock. The current price is $2.50 per share. If QRS splits its stock 1-for-3 today, what is your client's position be after the split?

4500 shares trading at $0.83 per share

500 shares trading at $7.50 per share

4500 shares trading at $5.00 per share

500 shares trading at $0.83 per share

This is a reverse stock split. Your client would now own 500 shares at the post split price of $7.50

$ 0

Part of the questions for each course

Exam questions in each course