Toombs Media Corp

question 44

Multiple Choice

Toombs Media Corp.recently completed a 3-for-1 stock split.Prior to the split,its stock sold for $90 per share.The firm's total market value was unchanged by the split.Other things held constant,what is the best estimate of the stock's post-split price?

• A)$30.00
• B)$31.50
• C)$33.08
• D)$34.73
• E)$36.47

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Definitions:

First Law

Without a specific context, "First Law" could refer to various foundational laws in different fields, such as Newton's First Law of motion that states an object will remain at rest or in uniform motion in a straight line unless acted upon by an external force.

Allosteric Regulator

A molecule that binds to an enzyme at a site other than the active site, thereby modifying the enzyme's activity.

Catalyst

A substance that increases the rate of a chemical reaction without being consumed or altered permanently in the process.

Semipermeable Membrane

A type of membrane that allows certain molecules or ions to pass through by diffusion but not others.