Plato United has 17,000 shares of stock outstanding at a price per share of $33. How many shares will be outstanding if the firm does a 5-for-4 stock split?
A) 13,600 shares
B) 15,800 shares
C) 17,000 shares
D) 19,600 shares
E) 21,250 shares
Correct Answer:
Verified
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