Question: Apple (AAPL) recently had a 4 for one stock split. Before its split, Apple had 4.3 billion shares of stock outstanding that sold for $420

Apple (AAPL) recently had a 4 for one stock split. Before its split, Apple had 4.3 billion shares of stock outstanding that sold for $420 per share. Assuming no market imperfections or tax effects exist. After Apple issued its 4 for 1 stock split, what will be the total number of shares and what will be the share price?

Group of answer choices

8.6 billion shares selling at $220 per share

17.2 billion shares selling at $105 per share

12.9 billion shares selling at $140 per share

4.3 billion shares selling at $440 per share

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