Elmofud inc is considering splitting its stock the stock is, Finance Basics

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Elmofud inc is considering splitting its stock the stock is

Question: Elmofud, Inc. is considering splitting its stock. The stock is currently priced at $100 per share. You own 200 shares of the stock. If the firm proceeds with a 3 for 1 split what will your position in the stock be after the split - how many shares will you own, what will the price per share be, and what will your total value be in the stock of Elmofud, Inc.?

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Finance Basics: Elmofud inc is considering splitting its stock the stock is

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