Question: 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

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. 120 million C. 60 million D. 30 million 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!