15-5 You own 5,000 shares of a firm’s common stock. The firm has a total of 500,000 shares outstanding, with each share being priced at $5 per share. The firm has just declared a six-for-four stock...

15-5

You own 5,000 shares of a firm’s common stock. The firm has a total of 500,000 shares outstanding, with each share being priced at $5 per share. The firm has just declared a six-for-four stock split. How many shares will you end up with, and what will be the price per share after the stock split?

Select one:

a. 1,600 shares; $6.25

b. 3,200 shares; $3.13

c. 3,200 shares; $4.95

d. 7,500 shares; $5

e. 7,500 shares; $3.33

Jun 07, 2022

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15-5 You own 5,000 shares of a firm’s common stock. The firm has a total of 500,000 shares outstanding, with each share being priced at $5 per share. The firm has just declared a six-for-four stock...

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