Question: Apple, in 2014, split its stock 7:1, meaning that for every one share that you used to own, you now own 7. Suppose you held
Apple, in 2014, split its stock 7:1, meaning that for every one share that you used to own, you now own 7. Suppose you held 100 shares of Apple just prior to the split. How did the splitting of the stock impact your total holdings just after the split? The split served to increase the number of shares of Apple you hold but to leave the market value of your holdings unchanged The split served to decrease the number of shares of Apple you hold and to decrease the market value of your holdings in Apple stock The split served to increase the number of shares of Apple you hold and to increase the market value of your holdings in Apple stock The split served to increase the number of shares of Apple you hold and to increase your percentage ownership in Apple stock
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