Question: Modern Homes just declared a 4 - for - 3 stock split. Which of the following occurred as a result of this splir? Number of

Modern Homes just declared a 4-for-3 stock split. Which of the following occurred as a result of this splir?
Number of shares outstanding increased by one-third
Number of shares outstanding decreased by one-fourth
Price per share increased by one-third
Price per share decreased by one-fourth
Multiple Choice
1 only
Modern Homes just declared a 4 - for - 3 stock

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