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

Individual Income Taxes
43rd Edition
ISBN:9780357109731
Author:Hoffman
Publisher:Hoffman
Chapter20: Corporations And Partnerships
Section: Chapter Questions
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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
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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