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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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Learning Outcome Statements
describe regular cash dividends, extra dividends, stock dividends, stock splits, reverse stock splits, and share repurchases
describe dividend payment chronology
CFA® 2025 Level I Curriculum, Volume 3, Module 8.