Miester & Miester has 75,000 shares of stock outstanding at a market price of $87 a share. The company has just announced a 5-for-3 stock split. How many shares of stock will be outstanding
After the split?
A) 45,000 shares
B) 62,500 shares
C) 90,000 shares
D) 105,500 shares
E) 125,000 shares
Correct Answer:
Verified
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