Question: Lamis Corp. declared a two-for-one stock split. Josh Ken owned 500 shares of Coombs that were trading for $20 each before the split. Which of

Lamis Corp. declared a two-for-one stock split. Josh Ken owned 500 shares of Coombs that were trading for $20 each before the split. Which of the following is likely to be true after the split?

Question 45 options:

None of the presented choices.

Kens' shareholder's equity will increase by 100%.

Kens' retained earnings will drop by 50%. T

The number of shares Solly owns will increase by 100%.

The number of common shares issued by Coombs will drop by 50%.

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