Stark Industries Currently Trades for $50 Per Share and Has

question 8

Multiple Choice

Stark Industries currently trades for $50 per share and has 175M shares outstanding.It announces that it will execute a reverse-split on a 1-for-3 basis.How many shares will be outstanding after the split?

• A) 52.50 M
• B) 58.33 M
• C) 116.67 M
• D) 175.00 M
• E) 233.33 M

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