Whited Products Recently Completed a 4-For-1 Stock Split

question 49

Multiple Choice

Whited Products recently completed a 4-for-1 stock split.Prior to the split,its stock sold for $120 per share.If the firm's total market value increased by 5% as a result of increased liquidity and favorable signaling effects,what was the stock price following the split?

• A)$29.93
• B)$31.50
• C)$33.08
• D)$34.73
• E)$36.47

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