You own 2,000 shares of a firm’s common stock. The firm has a total of 350,000 shares outstanding, with each share being priced at $5 per share. The firm has just declared an eight-for-five stock split. How many shares will you end up with, and what will be the price per share after the stock split?

a). 1,600 shares; $6.25
b). 3,200 shares; $3.13
c). 3,200 shares; $4.95
d). 3,200 shares; $5
e). 5,200 shares; $1.92

Answer rating: 100% (QA)

Stock split 8 shares for 5 shares There are 2000 sh... View the full answer