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

question 12

Multiple Choice

Mid-State BankCorp recently declared a 7-for-2 stock split.Prior to the split,the stock sold for $80 per share.If the firm's total market value is unchanged by the split,what will the stock price be following the split?

• A)$20.63
• B)$21.71
• C)$22.86
• D)$24.00
• E)$25.20

---

Definitions:

Supplemental Oxygen

Additional oxygen provided to individuals to ensure adequate oxygen levels in the blood, commonly used in medical treatments.

Risk For Injury

An increased likelihood of experiencing physical harm or damage.

Ineffective Health Maintenance

The inability to identify, manage, and/or seek out help to maintain health.

American Association

This term is too generic without further context but usually refers to an organization in America focused on a specific interest or professional field.