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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Property that is not attached to real estate and includes tangible items like cars, furniture, and personal belongings.

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The act of having physical control or ownership of an object or property.

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Personal Property

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