Becker Financial Recently Declared a 2-For-1 Stock Split

question 48

Multiple Choice

Becker Financial recently declared a 2-for-1 stock split.Prior to the split,the stock sold for $60 per share.If the firm's total market value is unchanged by the split,what will the stock price be following the split?

• A) $30.60
• B) $29.10
• C) $30.00
• D) $24.30
• E) $23.70

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Definitions:

Directed Violence

Violence that is planned or intended to target specific individuals or groups.

Spontaneous Violence

Unplanned, explosive acts of aggression that occur suddenly, often as a result of intense emotion or stress.

Property Damage

Physical destruction or harm caused to buildings, personal property, or other tangible assets.

Contagion Theory

A social theory that explains how ideas, attitudes, and behaviors spread through populations as if they were infectious diseases.