Edie's has 14,500 shares of stock outstanding with a par value of $1 per share and a market value of $5.80 a share.What type of stock split would be best if the stock's proper trading range centers on $16 a share?
A) Stock split of eight-for-three
B) Stock split of eleven-for-four
C) Reverse stock split of three-for-one
D) Reverse stock split of three-for-eight
E) Reverse stock split of four-for-eleven
Correct Answer:
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