AIW, Inccurrently Has 275,000 Shares of Stock Outstanding That Sell for for $87

question 46

Multiple Choice

AIW, Inc.currently has 275,000 shares of stock outstanding that sell for $87 per share.Assuming no market imperfections or tax effects exist, what will be the share price after AIW implements a 7-for-3 stock split?

• A)$37.29
• B)$39.55
• C)$36.31
• D)$29.89
• E)$32.38

---

Definitions:

IBM-Compatible

Refers to personal computers that are compatible with the original IBM PC standard, supporting the same software and hardware standards.

Rewind()

Rewind() is a function used in C to set the file position to the beginning of a file stream.

Fseek()

A standard library function in C that sets the file pointer to a specified location within a file, used for random file access.