In your portfolio,you own 450 shares of General Electric.The company announces that each share of stock is being divided into three new shares,so you now own 1,350 shares.This is known as a stock ________.

Question

Quizplus · Accepted Answer

A)Stock split is the act of dividing a share into two or more new shares and reducing the market value by the same ratio.
B)Stock split is the act of dividing a share into two or more new shares and reducing the market value by the same ratio.
C)Stock split is the act of dividing a share into two or more new shares and reducing the market value by the same ratio.
D)Stock split is the act of dividing a share into two or more new shares and reducing the market value by the same ratio.
E)Stock split is the act of dividing a share into two or more new shares and reducing the market value by the same ratio.

In Your Portfolio,you Own 450 Shares of General Electric