Pansy currently owns 250 shares of Malfoy stock valued at $44 share. What will her investment in Malfoy be worth if the company declares a 3-for-1 stock split? O $8,800 O $11,000 O $7,125 O $3,667 O $6,075
Pansy currently owns 250 shares of Malfoy stock valued at $44 share. What will her investment in Malfoy be worth if the company declares a 3-for-1 stock split? O $8,800 O $11,000 O $7,125 O $3,667 O $6,075
Chapter20: Corporations And Partnerships
Section: Chapter Questions
Problem 46P
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Question
![Pansy currently owns 250 shares of Malfoy stock valued at $44 share. What will her investment in Malfoy be worth if the
company declares a 3-for-1 stock split?
$8,800
$11,000
$7.125
$3,667
$6,075](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fadeed06b-58ca-426a-8c15-b1db30f20a72%2F6630aefa-bf34-47a9-9e03-71a211d3aed9%2Fhxebjy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pansy currently owns 250 shares of Malfoy stock valued at $44 share. What will her investment in Malfoy be worth if the
company declares a 3-for-1 stock split?
$8,800
$11,000
$7.125
$3,667
$6,075
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