Question: Acme, Inc. recently completed a 5-for-2 stock split. Prior to the split, it had 1,500,000 shares outstanding, selling for $150 per share. Calculate the post-split
Acme, Inc. recently completed a 5-for-2 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: OA. 3,750,000 shares selling for $60 OB. 600,000 shares selling for $60 O C. 3,750,000 shares selling for $150 OD. 1,500,000 shares selling for $60 OE. 3,000,000 shares selling for $75
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