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After company XYZ splits its stock 4-to-1, XYZ stock starts selling at $30 with 400,000 shares outstanding. How many shares were there and at what
After company XYZ splits its stock 4-to-1, XYZ stock starts selling at $30 with 400,000 shares outstanding. How many shares were there and at what price per share was XYZ stock selling at just prior to the split?
Group of answer choices
d. 1,600,000 shares at $15 per share
b. 100,000 shares at $7.50 per share
c. 400,000 shares at $120 per share
100,000 shares at $120 per share
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