Question

Johnson had 22,000 shares in a blue chip company before a stock split of 2:1. How many shares does Johnson have after the stock split?

Answer 1

44,000 shares in a blue-chip company

Explanation:

So since Johnson had 22,000 shares in a blue-chip company and it split 2:1, we multiple the beginning number of shares by 2 because they split into 2 different shares.

22,000*2=44,000