Kayla owns 200 shares of Blackwood common stock valued at $330 a share. Blackwood has declared a 3-for-2 stock split effective tomorrow. After the split, Kayla will own

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In a 3-for-2 stock split, for every 2 shares owned, the shareholder receives an additional share. Therefore, owning 200 shares, Kayla will receive 100 additional shares (half of 200), totaling 300 shares. The total value of her holdings remains the same, so the value per share is reduced. Originally, her 200 shares at $330 each were worth $66,000. After the split, the 300 shares will still be worth $66,000 in total, making each share worth $220 ($66,000 divided by 300).

Kayla Owns 200 Shares of Blackwood Common Stock Valued at $330