Canadian Securities Course (CSC) Practice Exam · Question
An investor holds 300 shares of XYZ Corp., which are trading at $60 per share. The company announces a 1-for-3 reverse stock split. What will be the investor's position after the split?
A 1-for-3 reverse stock split means the investor will have one-third the number of shares, and the price per share will triple, leaving the total value unchange
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Question: An investor holds 300 shares of XYZ Corp., which are trading at $60 per share. The company announces a 1-for-3 reverse stock split. What will be the investor's position after the split?
Answer options: ✅ 100 shares at $180 per share
- 900 shares at $20 per share
- 300 shares at $20 per share
- 100 shares at $60 per share
Correct answer: 100 shares at $180 per share
Explanation: A 1-for-3 reverse stock split means the investor will have one-third the number of shares, and the price per share will triple, leaving the total value unchanged.
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