Shares of Brockshire Holding Company Inc. trade for $90,000 per share.
Shares of Brockshire Holding Company Inc. trade for $90,000 per share. There are 1.75 million shares outstanding. If Brockshire wanted to execute a stock split so as to reduce the stock price to $80, what split ratio would they use?
A) 100-for-1
B) 125-for-1
C) 550-for-1
D) 1,125-for-1
E) 1,550-for-1
ANSWER
D
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