Tangshan Mining Has 100,000 Shares Outstanding and Just Declared a 3-For-2

question 35

Multiple Choice

Tangshan Mining has 100,000 shares outstanding and just declared a 3-for-2 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) $33.33
• B) $66.67
• C) $75.00
• D) $100.00

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Definitions:

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The process of creating a plan or convention for the construction of an object or a system, operationalizing visions into functional outputs.

Pitfalls

Hidden or not immediately obvious dangers or disadvantages, typically preventing success or effectiveness.

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A system of categorizing and paying employees based on their job title, experience, and responsibilities within an organization.

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A structured scale that outlines the minimum, midpoint, and maximum salary for each position within an organization, facilitating fair and equitable pay.