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Kaylor's Tool Shoppe has 8,600 shares of stock outstanding at a market price of $8 a share. Which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly $36a share? Ignore any taxes or market imperfections.
A: 3-for-4 stock split
B: 2-for-11 stock split
C: 2-for-7 reverse stock split
D: 2-for-9 reverse stock split
E: 2-for-8 reverse stock split
Keyser Mining is considering a project that will require the purchase of $875,000 in new equipment. The equipment will be depreciated straight-line to a zero book value over t
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