Tangshan Mining has 100,000 shares outstanding and just declared a 3-f
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
ANSWER
A
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