Question: If a firm executed a 3-for-1 stock split, you would expect that the value of:
a. an investment in the firm should increase because having 3 stocks is clearly better than 1.
b. each new stock should be approximately 3 times the value of the original stock
c. each new stock should be approximately equal to the value of the original stock
d. each new stock should be approximately one-third of the value of the original stock
e. all of the above would be essentially equally probable outcomes