Question: Acme, Inc, recently completed a 3 -for-2 stock split. Prior to the split, it had 1,000,000 shares outstanding, selling for $150 per share. Calculate the
Acme, Inc, recently completed a 3 -for-2 stock split. Prior to the split, it had 1,000,000 shares outstanding, selling for $150 per share. Calculate the post-split price and number of shares outstanding. Select one: A. 1,500,000 shares selling for $100 B. 2,000,000 shares selling for $100 C. 1,500,000 shares selling for $150 D. 1,000,000 shares selling for $100 E. 2,000,000 shares selling for $50
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