B&K Lumber has 50,600 shares of stock outstanding at a price per share of $68.How many shares will be outstanding if the firm does a 5-for-2stock split?

Name: B&K Lumber has 50,600 shares of stock outstanding at a price per share of $68.How many shares will be outstanding if the firm does a 5-for-2stock split?
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Question

Quizplus · Accepted Answer

In a 5-for-2 stock split, each existing share is split into 2.5 new shares. Therefore, the number of shares after the split is 50,600 shares * (5/2) = 126,500 shares.

B&K Lumber Has 50,600 Shares of Stock Outstanding at a Price