Poff industries' stock currently sells for $120 a share. you own 100 shares of the stock. the company is contemplating a 2-for-1 stock split. which of the following best describes what your position will be after such a split takes place?
a.
you will have 200 shares of stock, and the stock will trade at or near $60 a share.
b.
you will have 100 shares of stock, and the stock will trade at or near $60 a share.
c.
you will have 50 shares of stock, and the stock will trade at or near $120 a share.
d.
you will have 50 shares of stock, and the stock will trade at or near $60 a share.
e.
you will have 200 shares of stock, and the stock will trade at or near $120 a share.