Question: In August 2017, Lowell Inc. announced a 3-for-2 stock split. On the split date, John had about 80 million shares outstanding. After the split the

In August 2017, Lowell Inc. announced a 3-for-2 stock split. On the split date, John had about 80 million shares outstanding. After the split the number of shares outstanding was:

A.240million

B.120million

C.60million

D.30million

E.None of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

In May 2011, Lowell Inc. announced a 3-for-2 stock split. On the split date, Cerner had about 80 million shares outstanding. After the split the number of shares outstanding was: A. 240 million B....

Question 12 In May 2011, Lowell Inc. announced a 3-for-2 stock split. On the split date, Cerner had about 90 million shares outstanding. After the split the number of shares outstanding was: 120...

In May 2011, Lowell Inc. announced a 6-for-2 stock split. On the split date, Cerner had about 80 million shares outstanding. After the split the number of shares outstanding was:

In June 2019. Newcastle Inc. issued 2,000 shares of common stock (with $1 par value) at a market price of $25 per share. In Dec 2019, Newcastle Inc. repurchased 500 shares of its common stock for $22...

In June 2017, Newcastle Inc. announced a 3-for-1 stock split. On the split date, Newcastle had about 81.9 million shares outstanding. After the split the number of shares outstanding was: a. 245.7...

1.)Daniel's Corp. sells $100,000 of bonds to private investors. The bonds are due in five years, have an 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 8%. What...

1. During its first three months of operations, Cari's Bakery, Inc. purchased supplies such as plates, napkins, bags, and cutlery for $7,200 and recorded this as supplies inventory. Supplies on hand...

Bailey Motors Inc. has 300,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has announced a 3-for-2 stock split. Assume that signaling,...

In June, Newcastle Inc. announced a 3 - for - 1 stock split. On the split date, Newcastle had about 8 1 . 9 million shares outstanding. After the split, the number of shares outstanding was: Select...

In June 2014, Pena Inc. announced a 3-for-1 stock split. On the split date, Pena had about 54.6 million shares outstanding. After the split the number of shares outstanding was: 163.8 million 54.6...

Under what conditions are the two strategies of low cost and high quality a tradeoff? Under what conditions would the efficient frontier not be an appropriate picture of the two strategies?

What controls must be used to protect data that is transmitted across wireless networks?

C t o represent a constant. t a n 5 ( 2 ) s e c 2 ( 2 ) d =

Using paper, scissors, and tape, perform the construction described in the Recreational Mathematics box. Once you have completed the construction, cut along the dashed line as instructed. Set the...

You have decided to invest in a portfolio made up of these four stocks: Bank of Nova Scotia (BNS), Canadian National Railway (CNR), Canadian Tire (CTC.A), and Magna International (MG). You have also...

Using the following data for Sentinel Travel Service as well as the statement of owners equity shown in Practice Exercise 1-5B, prepare a report form balance sheet as of August 31, 20Y4: Data from...

The top surfaces of practically all flat-plate solar collectors are covered with glass in order to reduce the heat losses from the absorber plate underneath. Although the glass cover reflects or...

Would you expect the Law of One Price to apply in the case of the following products and, if not, why not? a. A barrel of crude oil b. A litre of petrol c. A Real Madrid football club shirt d. A...

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

List all the social, legal and ethical issues that the manager of an ecommerce website needs to consider, to avoid damaging relationships with visitors to their website or which may leave the company...

This house believes that governments have no right to monitor all Internet-based communications passing through ISPs. What action do you think managers should take regarding monitoring employee...

Based on this article and your experiences, debate the statement: Site localisation is essential for each country for an e-commerce offering to be successful in that country.