FINRA Securities Industry Essentials Exam (SIE) SIE Question # 41 Topic 5 Discussion
SIE Exam Topic 5 Question 41 Discussion:
Question #: 41
Topic #: 5
A customer owns 100 shares of ABC with a current market value of $5.00 per share. The company undergoes a 1-for-2 reverse split of the stock. Which of the following statements is true of the customer ' s holdings and the price of the stock?
A.
The customer will have 50 shares at $10.00 per share.
B.
The customer will have 100 shares at $5.00 per share.
C.
The customer will have 200 shares at $2.50 per share.
D.
The customer will have 1,000 shares at $0.50 per share.
Chosen Answer:
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