A stock currently sells for $8.40 a share.What type of stock split does the firm need to do if it wants to increase the price so that it trades around $25 a share?
A) 2-for-5 reverse stock split
B) 1-for-3 reverse stock split
C) 2-for-3 reverse stock split
D) 5-for-2 stock split
E) 3-for-1 stock split
Correct Answer:
Verified
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