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
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