Becker Financial Recently Completed a 7-For-2 Stock Split

question 48

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

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Definitions:

Coccygeus

A small muscle located in the pelvic area, playing a part in supporting the pelvic organs.

Pelvic Floor

The pelvic floor is a group of muscles and ligaments in the pelvic area that support the organs in the pelvis like the bladder, intestines, and, in women, the uterus.

Coccyx

The small, triangular bone at the base of the spinal column, often referred to as the tailbone, which is the remnant of a human tail.

Internal Intercostal

Muscles located between the ribs that play a role in the forced expiration of air from the lungs.