Posted by: neerman November 4, 2008
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I think the answer is b.You will have 200 shares of stock, and the stock will trade at or near $60 a share.
Please follow this explanation:
What is a 2-for-1 stock split?
A1
. A 2-for-1 stock split means that a stockholder will have twice as many shares as they had before the stock split with each share valued at approximately half the pre-split market price.Here’s an example: As of the Record Date (August 1, 2006) if a stockholder owns 100 shares of OXY and the market price was $100.00 per share, that stockholder’s total investment value is $10,000. After the stock split, the stockholder will have 200 shares of stock but the market price will be approximately $50.00 per share. The stockholder’s total investment value remains the same at $10,000 until the stock price moves up or down
