Urguhart Has Just Declared a 4 for 3 Stock Split

question 30

Multiple Choice

Urguhart has just declared a 4 for 3 stock split. If the pre-split price of common stock was $54 a share, what do you expect the post-split price will be?

• A) $72.00
• B) $36.18
• C) $42.23
• D) $40.50

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Definitions:

Logos

Aristotelian concept of logic in argumentation.

Argumentation

The process of constructing, presenting, and evaluating arguments to convince others or defend a position.

Dramatistic Analysis

A method of analysis in literary theory and communication studies that views life as a drama and seeks to understand narrative and motives.

Agency

In Burke’s dramatistic analysis, the means by which an act takes place.