Mid-State BankCorp Recently Declared a 7-For-2 Stock Split

Multiple Choice

Mid-State BankCorp recently declared a 7-for-2 stock split.Prior to the split,the stock sold for $100 per share.If the firm's total market value is unchanged by the split,what will the stock price be following the split?

A) $35.71
B) $28.57
C) $28.86
D) $26.29
E) $25.43