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:

Job Evaluation

A systematic process for assessing the relative worth of jobs within an organization to establish fair pay scales.

Conscientiousness

A personality trait characterized by diligence, carefulness, and a desire to do a task well.

Self-leadership

The practice of influencing oneself to establish the self-direction and self-motivation needed to achieve personal or organizational goals.

Degree of Autonomy

Refers to the extent to which a job allows an employee to self-manage and make decisions independently.