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

question 49

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 and favorable signaling effects,what was the stock price following the split?

• A)$29.93
• B)$31.50
• C)$33.08
• D)$34.73
• E)$36.47

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Definitions:

Pump

A mechanical device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action.

V/F Principle

The principle that states the ratio of voltage to frequency (V/F) should remain constant for AC drives to maintain torque.

Voltage

An electrical measurement expressing the potential difference between two points in a circuit, typically driving current flow.

Regeneration

The process of recovering energy from a system, often from braking or decelerating, and reusing it to improve efficiency.