The Tinslow Co.has 125,000 shares outstanding at a market price of £93 a share.The company has just announced a 5-for-3 stock split.How many shares will be outstanding after the split?
A) 62,500 shares
B) 75,000 shares
C) 83,333 shares
D) 175,000 shares
E) 208,333 shares
Correct Answer:
Verified
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