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Urguhart Has Just Declared a 4 for 3 Stock Split

Question 30

Multiple Choice

Urguhart has just declared a 4 for 3 stock split. If the pre-split price of common stock was $54 a share, what do you expect the post-split price will be?


A) $72.00
B) $36.18
C) $42.23
D) $40.50

Correct Answer:

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