Multiple Choice
Toombs Media Corp.recently completed a 3-for-1 stock split.Prior to the split,its stock sold for $90 per share.The firm's total market value was unchanged by the split.Other things held constant,what is the best estimate of the stock's post-split price?
A) $30.00
B) $31.50
C) $33.08
D) $34.73
E) $36.47
Correct Answer:
Verified
Correct Answer:
Verified
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