Essary Brothers has 39,000 shares of stock outstanding at a price per share of $59.How many shares will be outstanding if the firm does a 3-for-2 stock split?
A) 24,000 shares
B) 39,000 shares
C) 55,667 shares
D) 58,500 shares
E) 61,000 shares
Correct Answer:
Verified
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