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Level I
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Equity Investments
Equity Investments
Easy
Ashford Corp announces a 2-for-1 stock split. Before the split, 5 million shares are outstanding at $120 per share. After the split, the number of shares outstanding and the price per share will most likely be:
A
10 million shares at $60 per share
B
10 million shares at $120 per share
C
2.5 million shares at $240 per share
D
5 million shares at $60 per share
Select an answer to continue
Tags
#stock-split
#corporate-actions
#shares-outstanding
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