Multiple Choice
Grullon Co.is considering a 7-for-3 stock split.The current stock price is $97.50 per share,and the firm believes that its total market value would increase by 7% as a result of the improved liquidity that should follow the split.What is the stock's expected price following the split?
A) $42.92
B) $53.65
C) $49.63
D) $44.71
E) $38.00
Correct Answer:
Verified
Correct Answer:
Verified
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