Use the Information for the Question(s)below

question 54

Multiple Choice

Use the information for the question(s) below.
Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share.
-Assuming Luther issues a 5:2 stock split,then Luther's new share price is closest to:

• A)$32.00.
• B)$16.00.
• C)$24.00.
• D)$30.00.

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Definitions:

Agnosia

A neurological disorder marked by the inability to recognize and understand objects, persons, sounds, shapes, or smells despite having functioning sensory organs.

N-Methyl-D-Aspartate

A chemical compound that acts as a specific receptor for the neurotransmitter glutamate, playing a role in brain functions like learning and memory.

Cholinesterase

An enzyme necessary for the proper functioning of the nervous system, breaking down neurotransmitters like acetylcholine.

Memantine

A medication primarily used in the management of Alzheimer's disease by acting on the glutamatergic system.