Question: Acme, Inc. recently completed a 5 -for- 3 stock split. Prior to the split, it had 1,500,000 shares outstanding, selling for $150 per share. Calculate
Acme, Inc. recently completed a 5 -for- 3 stock split. Prior to the split, it had 1,500,000 shares outstanding, selling for $150 per share. Calculate the post-split price and number of shares outstanding. Select one: A. 2,500,000 shares selling for $90 B. 900,000 shares selling for $90 C. 2,500,000 shares selling for $150 D. 1,500,000 shares selling for $90 E. 3,000,000 shares selling for $75
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