Loiselle Graphics Recently Announced a 3-For-1 Stock Split

question 12

Multiple Choice

Loiselle Graphics recently announced a 3-for-1 stock split. Prior to the split, the company's stock was trading at $90 per share. The split had no effect on the wealth of the company's investors. What will be the new stock price?

• A) $270
• B) $ 45
• C) $180
• D) $ 60
• E) $ 30

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