Before a 2-for-1 stock split,Lisa's stock was valued at $60 per share.What is her per share value after the split?
A)$30
B)$60
C)$90
D)$120
E)$150

Question

Quizplus · Accepted Answer

In a 2-for-1 stock split, each share is divided into two, so the price per share is also divided by two. Therefore, if Lisa's stock was valued at $60 per share before the split, it would be valued at $60 / 2 = $30 per share after the split.

Before a 2-For-1 Stock Split,Lisa's Stock Was Valued at $60