Innovative technologies has 50000 shares of stock, Financial Management

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Innovative technologies has 50000 shares of stock

Innovative Technologies has 50,000 shares of stock outstanding at a market price of $8 a share. Which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly $20 a share? Ignore any taxes or market imperfections.

5-for-2 stock split

3-for-1 stock split

1-for-3-reverse stock split

2-for-5 reverse stock split

3-for-10 reverse stock split

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Financial Management: Innovative technologies has 50000 shares of stock

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Financial Management: Innovative technologies has 50000 shares of stock

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