Kaneb Services Inc

question 85

Multiple Choice

Kaneb Services Inc. has just declared a 3 for 2 stock split. If the pre-split price of common stock was $42 a share, what will be the post-split price per share (assuming no other changes occur) ?

• A) $31.50
• B) $26.25
• C) $25.15
• D) $28.00

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Definitions:

Challenging Problem

A problem or question that is difficult to solve and requires significant effort or creativity.

Problem Solving

The process of identifying a challenge or difficulty and finding an effective solution for it.

Human Decision Making

The process by which individuals make choices or come to conclusions based on factors such as personal preference, reasoning, and external influences.

Weak Disposition

A tendency or inclination to behave in a certain way that is perceived as lacking in strength, confidence, or decisiveness.