Question: Danny Co. declared a two-for-one stock split. David Callen owned 500 shares of Danny Co. that were trading for $20 each before the split. Which

Danny Co. declared a two-for-one stock split. David Callen owned 500

Danny Co. declared a two-for-one stock split. David Callen owned 500 shares of Danny Co. that were trading for $20 each before the split. Which of the following is likely to be true after the split? 1) The number of shares David Callen owns will increase to 100 shares. 2) The total market value of David's shares will double. 3) The market price per share will drop to $10 per share. 4) The market price per share will increase by 100%

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