Question

A stock selling for $48 per share, and then there was a 2- for -1 split. Before the split, the company had 3.4 million shares of outstanding stock. What is the post-split number of shares?

A. 10.2 million
B. 6.8 million
C. 2.4 million
D. 1.7 million

Answer 1

2-for-1 split will double the number of shares.
(But the price of each share will be halved. Just FYI. That is not asked here).

Answer 2

Thank you. (:

Answer 3

you are welcome.