Question: When a company declares a 3-for-1 stock split, the number of outstanding shares: a. triples. b. stays the same, but the number of issued shares

When a company declares a 3-for-1 stock split, the number of outstanding shares:

a. triples.

b. stays the same, but the number of issued shares triples.

c. is reduced by one-third.

d. is reduced by one-third, and the number of issued shares is tripled.

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