A company splits its stock 3 for 2. You owned 500 shares before the split. How many do you have after the split?

Name: A company splits its stock 3 for 2. You owned 500 shares before the split. How many do you have after the split?
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Question

Quizplus · Accepted Answer

In a 3 for 2 stock split, for every 2 shares you owned, you now own 3. If you owned 500 shares, you divide that by 2 to find how many times 3 shares can be allocated. 500 / 2 = 250 sets of 2 shares. 250 sets * 3 shares = 750 shares after the split.

A Company Splits Its Stock 3 for 2