If a stock's price is $90 and the stock is split three for one, the price becomes
A) $90
B) $60
C) $45
D) $30

Name: If a stock's price is $90 and the stock is split three for one, the price becomes A) $90 B) $60 C) $45 D) $30
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Question

If a stock's price is $90 and the stock is split three for one, the price becomes
A) ​$90
B) ​$60
C) ​$45
D) ​$30

Quizplus · Accepted Answer

In a three for one stock split, each share is divided into three, so the price of each new share is one-third of the original price. Therefore, $90 divided by 3 equals $30.

If a Stock's Price Is $90 and the Stock Is