The common stock of High Energy is selling for $58 a share. Currently, the firm has a total market value of $1,314,900 and a book value of $647,600. How many shares of stock will be outstanding if the firm does a stock split of five-for-two?
A) 27,914 shares
B) 49,377 shares
C) 54,168 shares
D) 47,727 shares
E) 56,677 shares
Correct Answer:
Verified
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