NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share....

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NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-f

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Answer 1

Answer #1

Answer:

Shares of stock will be outstanding after the split
                  =   Shares of stock outstanding x Stock Split
                  =   175,000 x 3 / 2
                  =   262,500 shares

Shares of stock will be outstanding after the split = 262,500 shares

Option (c ) is Correct

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Answer 2

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NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share....

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