Stark Industries currently trades for $50 per share and has 175M shares outstanding. It announces that it will execute a reverse-split on a 1-for-3 basis. How many shares will be outstanding after the split?

A) 52.50 M
B) 58.33 M
C) 116.67 M
D) 175.00 M
E) 233.33 M

B

Business

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When British entrepreneur Richard Branson established the first Virgin Megastore in Japan, he established a joint venture with the Marui retailing chain. Judging by the approach Branson used, he and his management team must have viewed Japan as:

A) culturally close and easy to enter. B) culturally distant and easy to enter. C) culturally close and difficult to enter. D) culturally distant and difficult to enter. E) culturally difficult and easy to enter.

Business

Stanwick and Stanwick found that:

a. There was a positive relationship between a firm's environmental disclosures and financial performance. b. There was a negative relationship between a firm's environmental disclosures and financial performance. c. There was no significant relationship between a firm's environmental disclosures and financial performance. d. There was not enough data to determine the relationship between a firm's environmental disclosures and financial performance.

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