LOG, Inc. currently has 300,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax effects exist, what will the share price be after LOG has a five-for-three stock split?
A) $43.80
B) $45.60
C) $73.00
D) $109.18
E) $121.67
Correct Answer:
Verified
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