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NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split.
NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split. How many shares of stock will be outstanding after the split?
Select one:
a. 87,500 shares
b. 262,500 shares
c. 350,000 shares
d. 116,667 shares
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