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Memphic Memphic
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6 years ago
Assuming Luther issues a 5:2 stock split, then the number of shares Luther will have outstanding following the split is closest to:
A) 25.0 million
B) 12.5 million
C) 2.0 million
D) 16.0 million
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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wrote...
6 years ago
B
Explanation:  B) shares outstanding following split = current shares outstanding × split
= 5 million ×   = 12.5 million
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