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