比例才是最根本的要素，我有的股数除以总发行股数。

All that matters is the ratio: how many shares I own divided by the number of shares outstanding.

youdao

你现在有两千股，但是发行总股数也变成了两千万，所以比例并没有变。

So, you now have two thousand shares, but now there are twenty million shares outstanding in the company so the ratio is unchanged.

youdao

All that matters is the ratio: how many shares I own divided by the number of shares outstanding.

比例才是最根本的要素,我有的股数除以总发行股数

耶鲁公开课 - 金融市场课程节选

So, you now have two thousand shares, but now there are twenty million shares outstanding in the company so the ratio is unchanged.

你现在有两千股,但是发行总股数也变成了两千万,所以比例并没有变

耶鲁公开课 - 金融市场课程节选

When you pay out stock dividends you would think that now there are more shares, everyone divides by the larger number of shares, and the value of the company goes down; it's not going to work to pay a stock dividend.

当你发放股票股利时,就会意识到,股票总数增加了,每个人的股数除以增加后的总股数,每人拥有的公司价值减少,发行股票股利无法达成目的

耶鲁公开课 - 金融市场课程节选