A stock that was selling for $48 a share split 2-for-1.Before the split,the company had 3.4 million shares of stock outstanding.What is the post-split number of shares outstanding?

A) 10.2 million
B) 6.8 million
C) 2.4 million
D) 1.7 million

Shares Outstanding

The total number of a company's shares that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.

2-for-1 Split

A stock split in which a company divides its existing stock into two shares, effectively halving the price of each share while doubling the number of shares owned by shareholders.