If the board of directors approves a three for one stock split, an investor who owns 300 shares before the split owns ____________ shares after the split.
A)100
B)200
C)300
D)900
E)1,800

Question

Quizplus · Accepted Answer

If there is a three for one stock split, each share will split into three shares. Therefore, an investor who owns 300 shares before the split will own 900 shares after the split.

If the Board of Directors Approves a Three for One