Tarheel Computing's Stock Was Trading at $150 Per Share Before

question 21

Multiple Choice

Tarheel Computing's stock was trading at $150 per share before its recent 3-for-1 stock split. The 3-for-1 split led to a 5 percent increase in Tarheel's market capitalization. (Market capitalization equals the stock price times the number of shares.) What was Tarheel's price after the stock split?

• A) $472.50
• B) $ 50.00
• C) $ 47.62
• D) $428.57
• E) $ 52.50

---

Definitions:

External Locus of Control

A psychological concept where individuals believe that their successes or failures result from external factors beyond their control, rather than their own efforts.

Destinies

The predetermined or inevitable courses of events in individuals' lives or the history of entities, often viewed as beyond human control.

Internal Locus of Control

A psychological concept where individuals believe they have control over the outcomes of their actions and the events in their life.

Personal Belief

An individual’s own ideas and convictions, which form the basis of their personal values and decision-making processes.