GBH Inc Is Planning on Announcing a 5-For-2 Stock Split

question 27

Multiple Choice

GBH Inc. is planning on announcing a 5-for-2 stock split. The stock is currently trading at $90 per share. Based on this information, what will be the new stock price?

• A) $36.00
• B) $225.00
• C) $52.00
• D) $34.00

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Definitions:

Nominal Damages

A small amount of money awarded to a plaintiff in a lawsuit when a legal wrong has been suffered but no substantial harm was done.

Tort

A legal wrong that causes harm or loss, leading to civil legal liability.

Plaintiff

The party who initiates a lawsuit in civil court against another party, known as the defendant, seeking legal remedy for an alleged wrong.

Trespass to Realty

An unlawful intrusion or entry onto someone else's land or property without permission.