Shamrock Foods has 400,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has announced an 7-for-4 stock split. Assume that signaling, market imperfections, and taxes are not factors. Determine the number of shares outstanding for the company after the stock split takes effect. O 500,000 shares O 640,000 shares 560,000 shares O 700,000 shares

Shamrock Foods has 400,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has announced an 7 -for- 4 stock split. Assume that signaling, market imperfections, and taxes are not factors. Determine the number of shares outstanding for the company after the stock split takes effect. 500,000 shares 640,000 shares 560,000 shares 700,000 shares