Question

Vito owned 120 shares of a stock before tha corporation instituted a 5 for 3 split. Before the split, the stock was selling at 16 a share. Vito now has 200 shares of te stick that is worth about $26.67 each

Answer 1

Vito owned 120 shares of a stock before that corporation instituted a 5 for 3 split. Before the split, the stock was selling at 16 a share. Vito now has 200 shares of the stock that is worth about $26.67 each

Answer   =======>    False    

Post-split number of shares:    5/3   *    120      =    200

post-split price:        3/5   *   16      =     $9.60

Hope that helps!!!                    : )