How many shares of stock will be outstanding after the split

Reference no: EM13263735

The Peace River Corporation has 62,000 shares of stock outstanding at a market price of $48 a share. The company has just announced a 3-for-2 stock split. How many shares of stock will be outstanding after the split?

89,333 shares
100,500 shares
54,333 shares
41,333 shares
93,000 shares

Reference no: EM13263735

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