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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Definitions:

Gibberellin

Plant hormone promoting increased stem growth; also involved in flowering and seed germination.

Phytochrome

Photoreversible plant pigment that is involved in photoperiodism and other responses of plants, such as etiolation.

Cytokinins

Plant hormones that promote cell division and growth, delay the aging of leaves, and in conjunction with other hormones, regulate plant development.

Auxin

Plant hormone regulating growth, particularly cell elongation; also called indoleacetic acid (IAA).