A 3-for-1 stock split of a $3 par value share will result in three shares of $1 par value being issued for each share of $3 par value stock.

Question

Quizplus · Accepted Answer

A 3-for-1 stock split means that for every one share of $3 par value stock, three shares of $1 par value stock will be issued. This results in a total of three times as many shares being available, but at a lower par value.

A 3-For-1 Stock Split of a $3 Par Value Share