Micah owns 261 shares of stock in his sister's company. The company declares a stock split of 6 shares for every 3 owned. How many shares of stock will Micah own after the stock split?

Name: Micah owns 261 shares of stock in his sister's company. The company declares a stock split of 6 shares for every 3 owned. How many shares of stock will Micah own after the stock split?
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Question

Micah owns 261 shares of stock in his sister's company. The company declares a stock split of 6 shares for every 3 owned. How many shares of stock will Micah own after the stock split? ​

Quizplus · Accepted Answer

The stock split is 6 shares for every 3 owned. So, Micah will own 261 * 6/3 = 522 shares after the stock split.

Micah Owns 261 Shares of Stock in His Sister's Company