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

question 10

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 caused by the split, what was the stock price following the split?

• A)$28.43
• B)$29.93
• C)$31.50
• D)$33.08
• E)$34.73

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Definitions:

Elder Abuse

A form of mistreatment that leads to harm or distress of an older person, often occurring in domestic settings.

Binge Drinking

The consumption of an excessive amount of alcohol in a short period of time, often leading to acute intoxication.

Drinks

Refers broadly to any liquid that is consumed including water, alcohol, sodas, and juices.

Child Abuse

The physical, emotional, sexual, or neglectful maltreatment of a child by a caretaker.