Shares of Brockshire Holding Company Inc.trade for $90,000 per share.There are 1.75 million shares outstanding.If Brockshire wanted to execute a stock split so as to reduce the stock price to $80,what split ratio would they use?
A) 100-for-1
B) 125-for-1
C) 550-for-1
D) 1,125-for-1
E) 1,550-for-1
Correct Answer:
Verified
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