Cole inherited 2,000 shares of JPW, Inc. The stock is selling in the market for $75 per share and the company is contemplating a 1-for-4 stock split. Given this information, which of the following statements is correct?
A) Brady will have 500 shares and stock's price will be near $300.00.
B) Brady will have 500 shares and stock's price will be near $18.75.
C) Brady will have 8,000 shares and stock's price will be near $300.00.
D) Brady will have 8,000 shares and stock's price will be near $18.75.
Correct Answer:
Verified
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