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A company currently has 2,000,000 shares outstanding that each sell for $80. Assume there are no tax effects or market imperfections. If the company has
A company currently has 2,000,000 shares outstanding that each sell for $80. Assume there are no tax effects or market imperfections. If the company has a 5-for-2 stock split, after the split what will be the number of shares outstanding?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas in your response. For example, an answer of 1,000.50 should be entered as 1000.50.
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