Calman Industries has 5 million shares outstanding at present with each share currently trading at £40 per share. Suppose the firm announces a 5-for-2 stock split, how many shares will the company have following the split? а. 25.0 millione b. 12.5 millione С. 2.0 million d. 16.0 millione

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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7.
Calman Industries has 5 million shares outstanding at present with each share currently trading at
£40 per share. Suppose the firm announces a 5-for-2 stock split, how many shares will the company
have following the split?
w mn
а.
25.0 millione
12.5 million
2.0 million
b.
с.
d.
16.0 milliont
Transcribed Image Text:7. Calman Industries has 5 million shares outstanding at present with each share currently trading at £40 per share. Suppose the firm announces a 5-for-2 stock split, how many shares will the company have following the split? w mn а. 25.0 millione 12.5 million 2.0 million b. с. d. 16.0 milliont
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