Brady Inherited 1,750 Shares of LNM, Inc

question 36

Multiple Choice

Brady inherited 1,750 shares of LNM, Inc. The stock is selling in the market for $82 per share and the company is contemplating a 1-for-3 stock split. Given this information, which of the following statements is correct?

• A) Brady will have 583.33 shares and stock's price will be near $246.00.
• B) Brady will have 583.33 shares and stock's price will be near $27.33.
• C) Brady will have 5,250 shares and stock's price will be near $246.00.
• D) Brady will have 5,250 shares and stock's price will be near $27.33.

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Behaviors that are considered normal or usual within a society based on shared norms or standards.

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