Albany Motors Recently Completed a 3-For-1 Stock Split

question 3

Multiple Choice

Albany Motors recently completed a 3-for-1 stock split. Prior to the split, the company had 10 million shares outstanding and its stock price was $150 per share. After the split, the total market value of the company's stock equaled $1.5 billion. What was the price of the company's stock following the stock split?

• A) $ 15
• B) $ 45
• C) $ 50
• D) $150
• E) $450

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Definitions:

Personality Puzzle

The "personality puzzle" refers to the complex and multifaceted nature of human personality, encompassing the challenge of understanding how various psychological traits and factors interact and influence individual behavior.

Basic Approach

A fundamental method or strategy adopted in research or analysis, often referring to foundational principles or techniques in a given field.

Personality Psychology

The branch of psychology that specializes in studying patterns of thoughts, feelings, and behaviors that make an individual unique.

Scientific Method

A systematic procedure for acquiring knowledge that involves observation, experimentation, and the formulation and testing of hypotheses.