joe shareholder owns 100 shares of peach company


Joe Shareholder owns 100 shares of Peach Company stock which is currently selling for $100 per share. Peach declares a 2-1 stock split. How much are Joe's shares worth after the stock split?
A.$5,000
B.$10,000
C.$20,000
D.$100,000

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Financial Accounting: joe shareholder owns 100 shares of peach company
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