Toombs Media Corp

Multiple Choice

Toombs Media Corp.recently completed a 3-for-1 stock split.Prior to the split,its stock sold for $170 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) $57.23
B) $65.73
C) $64.60
D) $63.47
E) $56.67