Demonte owns 600 shares in the Kentucky Bluegrass Corporation and he just received notice that the firm declared a three-for-one stock split.After the split,Demonte will own _______ shares in the firm.

Question

Quizplus · Accepted Answer

A three-for-one stock split means that for each share owned, three new shares are issued. Therefore, if Demonte owned 600 shares before the split, after the split he will own 600 x 3 = 1800 shares. Therefore, the best choice is C.

Demonte Owns 600 Shares in the Kentucky Bluegrass Corporation and He