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:

Method Call

The act of invoking a method or function in programming to execute its defined set of instructions.

Str.Length()

A method that returns the number of characters in a string.

Automatically Imported

In programming, certain libraries or namespaces are included by the compiler or interpreter without the need for explicit import statements by the programmer, often for essential functionalities.

Java Package

A Java package is a namespace that organizes Java classes and interfaces by grouping them into related groups, improving code modularity and making it easier to maintain.