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:

Sympathetic Nervous System

A part of the autonomic nervous system that activates the body's fight-or-flight response during perceived threats.

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy and promoting a state of calm and rest in the body.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Somatic Nervous System

This system is part of the peripheral nervous system that handles voluntary control of body movements via skeletal muscles.