Multiple Choice
Whited Products recently completed a 4-for-1 stock split.Prior to the split,its stock sold for $120 per share.If the firm's total market value increased by 5% as a result of increased liquidity and favorable signaling effects,what was the stock price following the split?
A) $29.93
B) $31.50
C) $33.08
D) $34.73
E) $36.47
Correct Answer:
Verified
Correct Answer:
Verified
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