Multiple Choice
Robinson's has 15,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a share.How many shares of stock will be outstanding of the firm does a 3-for-2 stock split?
A) 10,000 shares
B) 12,500 shares
C) 20,000 shares
D) 22,500 shares
E) 27,500 shares
Correct Answer:
Verified
Correct Answer:
Verified
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