Q&A Educational Co

question 161

Multiple Choice

Q&A Educational Co. has 56,000 shares of stock outstanding at a market price of $52 a share. The company has just announced a 5-for-4 stock split. What will the market price per share be after the split?

• A) $39.00
• B) $41.60
• C) $42.25
• D) $48.25
• E) $65.00

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