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A Stock That Was Selling for $48 a Share Split

Question 1

Multiple Choice

A stock that was selling for $48 a share split 2-for-1.Before the split,the company had 3.4 million shares of stock outstanding.What is the post-split number of shares outstanding?


A) 10.2 million
B) 6.8 million
C) 2.4 million
D) 1.7 million

Correct Answer:

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