Della's Pool Halls has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $39 a share.The firm just announced a 4-for-3 stock split.How many shares of stock will be outstanding after the split?
A) 9,000 shares
B) 10,000 shares
C) 12,000 shares
D) 14,600 shares
E) 16,000 shares
Correct Answer:
Verified
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