The common stock of Gillen Entertainment is selling for $65 a share.The par value per share is $1.Currently,the firm has a total market value of $936,000.How many shares of stock will be outstanding if the firm does a 5-for-2 stock split?
A) 4,800 shares
B) 9,600 shares
C) 18,000 shares
D) 36,000 shares
E) 32,200 shares
Correct Answer:
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