Kaylor's Tool Shoppe has 8,600 shares of stock outstanding at a market price of $8 a share.Which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly $36a share? Ignore any taxes or market imperfections.
A)3-for-4 stock split
B)2-for-11 stock split
C)2-for-7 reverse stock split
D)2-for-9 reverse stock split
E)2-for-8 reverse stock split

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The Answer of Kaylor's Tool Shoppe has 8,600 shares of stock outstanding at a market price of $8 a share.Which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly $36a share? Ignore any taxes or market imperfections.
A)3-for-4 stock split
B)2-for-11 stock split
C)2-for-7 reverse stock split
D)2-for-9 reverse stock split
E)2-for-8 reverse stock split

Kaylor's Tool Shoppe Has 8,600 Shares of Stock Outstanding at a Market