Q&A Educational Co

question 220

Multiple Choice

Q&A Educational Co. has 56,000 shares of stock outstanding at a market price of $52 a share. The company has just announced a 5-for-4 stock split. What will the market price per share be after the
Split?

• A) $39.00
• B) $41.60
• C) $42.25
• D) $48.25
• E) $65.00

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Definitions:

Hearing

Physiological process of decoding sounds.

Listening

The active process of receiving, interpreting, and reacting to verbal and nonverbal messages from others.

Fact

Something that has been directly observed to be true and thus has been proven to be true.

Inference

Conclusion based on speculation.