Solved

A Company Declares a Five-For-Three Split to Rationalise Its Share

Question 20

Multiple Choice

A company declares a five-for-three split to rationalise its share structure.If the company currently has 1 750 000 shares of stock outstanding,there will be ____ shares outstanding after the split.


A) 1 350 000
B) 1 602 000
C) 2 500 000
D) 1 050 000
E) 2 916 667

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents