The Peace River Corporation has 67,000 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) 44,667 shares
B) 54,333 shares
C) 89,333 shares
D) 100,500 shares
E) 108,666 shares
Correct Answer:
Verified
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