Tangshan Mining has 100,000 shares outstanding and just declared a 2-f
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 split, the firm’s shares should trade at ________ per share.
A) $100.00
B) $25.00
C) $50.00
D) $75.00
ANSWER
B
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