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CAD Co.is considering a 10-for-4 stock split.The current stock price is $57.00 per share,and the firm believes that its total market value would increase by 3% as a result of the improved liquidity that it thinks would follow the split.What is the stock's expected price following the split?
Carpentry Work
The craft or activity of cutting, shaping, and installing wood for buildings, furniture, or other structures.
Market Equilibrium
A condition or state in which market supply equals market demand, meaning that prices are stable and the quantity of goods supplied exactly matches the quantity demanded.
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