Question
KS Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share. If KS issues a 5:2 stock split,
KS Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share. If KS issues a 5:2 stock split, then KS's new share price is closest to ________
A)$30
B)$16
C)$24
D)$32
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
