Tangshan Mining Has 100,000 Shares Outstanding and Just Declared a 2-For-1

question 116

Multiple Choice

Tangshan Mining has 100,000 shares outstanding and just declared a 2-for-1 stock split. Before the announcement, the firm's shares were trading at $50.00 per share. After the stock split, the firm's shares should trade at ________ per share.

• A) $100.00
• B) $25.00
• C) $50.00
• D) $75.00

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Definitions:

Aquifer

Rock layers that contain water and release it in appreciable quantities to wells or springs.

Rate Of Recharge

The speed at which an aquifer or a rechargeable battery regains its capacity or is refilled after use.

Groundwater Mining

The process of extracting water from underground aquifers at a rate faster than the natural recharge, leading to depletion or diminishing of groundwater resources.

Atmospheric Carbon

Gaseous carbon compounds, such as carbon dioxide, present in the atmosphere, significantly affecting the Earth's climate.