The Peace River Corporation has 62,000 shares of stock outstanding at a market price of $48 a share.The company has just announced a 3-for-2 stock split.How many shares of stock will be outstanding after the split?
A) 41,333 shares
B) 54,333 shares
C) 89,333 shares
D) 93,000 shares
E) 100,500 shares
Correct Answer:
Verified
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