Any taxes or market imperfections

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Reference no: EM131353441

Kaylor's Tool Shoppe has 8,600 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 $36a share? Ignore any taxes or market imperfections.

A: 3-for-4 stock split

B: 2-for-11 stock split

C: 2-for-7 reverse stock split

D: 2-for-9 reverse stock split

E: 2-for-8 reverse stock split

Reference no: EM131353441

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