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.

---

Definitions:

Genotype

Genotype refers to the set of genes in an organism's DNA responsible for a particular trait, encompassing the hereditary information passed from parents to offspring.

Type A Blood

A blood group characterized by the presence of the A antigen on red cells and the production of anti-B antibodies in the plasma.

Locus

A particular location on a chromosome.

Gene

Chromosomal DNA sequence that encodes an RNA or protein product.