Becker Financial Recently Completed a 7-For-2 Stock Split

question 24

Multiple Choice

Becker Financial recently completed a 7-for-2 stock split.Prior to the split, its stock sold for $90 per share.If the total market value was unchanged by the split, what was the price of the stock following the split?

• A)$23.21
• B)$24.43
• C)$25.71
• D)$27.00
• E)$28.35

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Definitions:

Neurologist

A Neurologist is a medical doctor specializing in the diagnosis, treatment, and management of disorders related to the nervous system, including brain, spinal cord, and nerves.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brain, downward through the vertebral column, facilitating communication between the brain and the body.

Sternoclavicular Joint

A pivotal joint at the base of the neck, where the clavicle (collarbone) meets the sternum (breastbone) at the top of the chest.

Glenohumeral Joint

The ball-and-socket joint of the shoulder, allowing a wide range of movement of the arm.