Series 66 Quiz
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INVESTMENT VEHICLE CHARACTERISTICS
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Which of the following statements regarding a 2-for-1 stock split is true?
A
The total market value of the shareholder's investment doubles because the number of shares owned doubles.
B
A shareholder's aggregate cost basis remains the same, and the cost basis per share is reduced by one-half.
C
The corporation's retained earnings are reduced by the fair market value of the additional shares issued in the split.
D
The par value per share remains unchanged, and total stockholders' equity is increased by the par value of the new shares.
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