Stark Industries currently trades for $50 per share and has 175M share

Stark Industries currently trades for $50 per share and has 175M shares outstanding. It announces that it will execute a reverse-split on a 1-for-3 basis. How many shares will be outstanding after the split?

A) 52.50 M
B) 58.33 M
C) 116.67 M
D) 175.00 M
E) 233.33 M

ANSWER

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