Whited Products Recently Completed a 4-For-1 Stock Split

question 10

Multiple Choice

Whited Products recently completed a 4-for-1 stock split.Prior to the split, its stock sold for $120 per share.If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?

• A)$28.43
• B)$29.93
• C)$31.50
• D)$33.08
• E)$34.73

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