Multiple Choice
The Tinslow Co. has 125,000 shares of stock outstanding at a market price of $93 a share. The company has just announced a 7-for-3 stock split. What will the market price per share be after the split?
A) $38.27
B) $39.86
C) $40.40
D) $46.18
E) $55.80
Correct Answer:
Verified
Correct Answer:
Verified
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