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

question 91

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 dividend, the firm's shares should trade at ________ per share.

• A) $100.00
• B) $25.00
• C) $50.00
• D) none of the above

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Definitions:

Lymphoid Neoplasm

A type of cancer that originates from the lymphatic tissues, such as lymph nodes, spleen, or bone marrow.

Malignant

Refers to cancerous cells that have the ability to invade and destroy nearby tissue and spread to other parts of the body.

Milliliter

A unit of volume in the metric system, equivalent to one thousandth of a liter, often used in medicine and cooking.

Abbreviation

A simplified version of a word or phrase.