A customer has placed an open order to buy 1,600 shares of GHI at $60. GHI declares a 25% stock dividend. On the ex-date, this order is considered a buy limit order for:

A customer has placed an open order to buy 1,600 shares of GHI at $60. GHI declares a 25% stock dividend. On the ex-date, this order is considered a buy limit order for:


A) 2,000 shares at $60.

B) 2,000 shares at $48.

C) 1,600 shares at $45.

D) 1,600 shares at $50.



Answer: B) 2,000 shares at $48.


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