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In June 2014, Pena Inc. announced a 3-for-1 stock split. On the split date, Pena had about 54.6 million shares outstanding. After the split the
In June 2014, Pena Inc. announced a 3-for-1 stock split. On the split date, Pena had about 54.6 million shares outstanding. After the split the number of shares outstanding was:
A) 218.4 million
B) 54.6 million
C) 18.2 million
D) 163.8 million
E) None of the above
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