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 $80 per share.If the firm's total market value is unchanged by the split,what will the stock price be following the split?

A) $20.63
B) $21.71
C) $22.86
D) $24.00
E) $25.20