You own 3,000 shares of Split-Holdings Co. The shares are currently selling for $48. The company has just announced a 4-for-1 stock split. How many shares will you own after the split, and approximately what will your holdings in Split-Holdings Co. be worth?
A) 12,000 shares worth about $144,000
B) 12,000 shares worth about $576,000
C) 15,000 shares worth about $144,000
D) 15,000 shares worth about $720,000
Correct Answer:
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