Question: What is a stock split? Why would a firm declare a stock split? Suppose that you have 50 shares of McDonald stock which currently is

What is a stock split? Why would a firm declare a stock split? Suppose that you have 50 shares of McDonald stock which currently is selling for $270 per share and that McDonald company declares a 3 for 2 stock split, how many shares will you have after the stock split? How much will be the stock price? How will this affect your voting right in the company?

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