Use the Information for the Question(s)below

question 2

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 the number of shares Luther will have outstanding following the split is closest to:

• A)25.0 million.
• B)12.5 million.
• C)2.0 million.
• D)16.0 million.

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Definitions:

High IQ

A measure indicating superior intelligence or mental ability compared to the average population.

Social Skills

The abilities necessary to interact and communicate effectively with others in social situations.

Position

A place where someone or something is located or has been put.

Lower Socioeconomic

Refers to individuals or groups who are in a lower position in terms of economic, social, and educational resources.