stellar technologies has 48,000 share of stock outstanding at a market price of $6 a share . which one of the following stock splits should the firm declare if it wants to increase the stock price to exactly 420 a share? ignore any taxes or market imperfections.a- 10-for-3 stock splitb- 3 -for 1 stock splitc- 1-for 3 reverse stock splitd- 2-for 7 reverse stock splite- 3-for 10 reverse stock split
ASSIGNMENT No.: 7724683Stellar technologies have 48,000 share of stock outstanding at a market price of $6 a share. Which one of the following stock splits should the firm declare if it wants to…
