Engines, Inc

question 77

Multiple Choice

Engines, Inc.declares a 2-for-5 stock split.The stock currently sells for $3 a share.A shareholder who owned 100 shares of stock prior to the split will now own

• A) 40 shares valued at about $7.50 a share.
• B) 40 shares valued at about $1.20 a share.
• C) 250 shares valued at about $7.50 a share.
• D) 250 shares valued at about $1.20 a share.