Amazing Growth Company shares currently trade at $108 per share.There are 24 million shares outstanding.If the shares are split 3-for-1,how many shares will be outstanding,and what value per share will they have (ignoring any other market changes) ?
A) 8 million shares; $324 per share
B) 8 million shares; $36 per share
C) 48 million shares; $54 per share
D) 72 million shares; $36 per share
Correct Answer:
Verified
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