Question: Apple, in 2014, split its stock 7:1, meaning that every one share that you used to own becomes 7 shares after the split. Suppose you

Apple, in 2014, split its stock 7:1, meaning that every one share that you used to own becomes 7 shares after the split.

Apple, in 2014, split its stock 7:1, meaning that every one share that you used to own becomes 7 shares after the split. Suppose you held 100 shares of Apple just prior to the split. How did the splitting of the stock impact the value of your total holdings just after the split? The split serves to decrease the number of shares of Apple you hold and to decrease the market value of your holdings in Apple stock The split serves to increase the number of shares of Apple you hold but to leave the market value of your holdings unchanged The split serves to increase the number of shares of Apple you hold and to increase the market value of your holdings in Apple stock The split serves to increase the number of shares of Apple you hold and to increase your percentage ownership in Apple stock How is financial leverage created? Through derivatives O Through cash O Through debt Through fixed assets Through equity

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