You own 100 shares of Troll Brothers' stock, which currently sells for $120 a share. The company is about to declare a 2-for-1 stock split. Which of the following best describes your likely position after the split?
A. You will have 200 shares of stock, and the stock will trade at or near $120 a share.
B. You will have 200 shares of stock, and the stock will trade at or near $60 a share.
C. You will have 100 shares of stock, and the stock will trade at or near $60 a share.
D. You will have 50 shares of stock, and the stock will trade at or near $120 a share.
E. You will have 50 shares of stock, and the stock will trade at or near $600 a share.
Answer: B
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