Dynamic engineering has 100000 shares of stock outstanding


Dynamic Engineering has 100,000 shares of stock outstanding trading at a price of $85 per share. The firm would prefer to have its stock trade at $17 per share. Which of the following choices would achieve this objective?

A. A 20-for-1 stock split (also denoted as 20:1)

B. A 17-for-1 stock split (also denoted as 17:1)

C. A 9-for-1 stock split (also denoted 9:1)

D. A 5-for-1 stock split (also denoted 5:1)

E. A 1-for-5 stock split (also denoted 1:5)

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Financial Management: Dynamic engineering has 100000 shares of stock outstanding
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