The common stock of Gillen Entertainment is selling for $47 a share. The firm has a book value of $487,400 and a market value of $938,000. How many shares of stock will be outstanding if the firm does a stock split of three-for-two?
A) 26,815
B) 15,555
C) 27,183
D) 29,936
E) 32,211
Correct Answer:
Verified
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