Peterson Paper Products Inc.has 2,400,000 outstanding shares of stock selling for $52 per share.After a 2-for-1 stock split,how many shares of stock are outstanding and what is the change in the firm value (given no new information) ?
A) 4,800,000 shares and a change in value of $124,800,000
B) 4,800,000 shares and a change in value of $0.00
C) 1,200,000 shares and a change in value of $124,800,000
D) 1,200,000 shares and a change in value of $0.00
Correct Answer:
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