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