Multiple Choice
The common stock of Gleason, Inc. is selling for $55 a share. The par value per share is $1. Currently, the firm has a total market value of $195,250. How many shares of stock will be outstanding if the firm does a 5-for-2 stock split?
A) 1,420 shares
B) 3,550 shares
C) 5,325 shares
D) 7,100 shares
E) 8,875 shares
Correct Answer:
Verified
Correct Answer:
Verified
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