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Basic Question 6 of 12
Fernley Company has declared a 3 for 1 stock split. At the close of trading just prior to going ex-dividend, Fernley was at $60 per share. At the open of trading on the ex-date, the price will be closest to A. $20
B. $40
C. $60
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe regular cash dividends, extra dividends, stock dividends, stock splits, reverse stock splits, and share repurchases
describe dividend payment chronology
CFA® 2024 Level I Curriculum, Volume 3, Module 8.