NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split. How many shares of stock will be outstanding after the split?
A) 87,500 shares
B) 116,667 shares
C) 262,500 shares
D) 350,000 shares
E) 437,500 shares
Correct Answer:
Verified
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