Mid-State BankCorp Recently Declared a 7-For-2 Stock Split

question 23

Multiple Choice

Mid-State BankCorp recently declared a 7-for-2 stock split.Prior to the split,the stock sold for $100 per share.If the firm's total market value is unchanged by the split,what will the stock price be following the split?

• A) $35.71
• B) $28.57
• C) $28.86
• D) $26.29
• E) $25.43

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Definitions:

Correlation

A numerical index showing how two variables fluctuate in relation to one another.

Same Test

A methodology involving the repeated application of a single test or measurement to the same group or entity under constant conditions.

Interrater Reliability

A type of reliability that examines whether observers are consistent with one another.

Total Number

The entirety count of items or individuals within a specified set or group.