A Stock Currently Sells for $8

question 84

Multiple Choice

A stock currently sells for $8.40 a share.What type of stock split does the firm need to do if it wants to increase the price so that it trades around $25 a share?

• A)2-for-5 reverse stock split
• B)1-for-3 reverse stock split
• C)2-for-3 reverse stock split
• D)5-for-2 stock split
• E)3-for-1 stock split

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