A June 1999 issue of Money magazine included an article by David Futrelle entilted Stock Splits: How

Question:

A June 1999 issue of Money magazine included an article by David Futrelle entilted
“Stock Splits: How the Dumb Get Rich.”
Read the article and answer the following questions:
(a) What is a stock split?
(b) How do anxious traders and investors obtain timely information about stock splits?
(c) What are the statistics relative to market-price reactions for of companies that have split their Is there a downside to buying the stock of companies that announce stock splits?

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...