Grullon Co

question 41

Multiple Choice

Grullon Co.is considering a 7-for-3 stock split.The current stock price is $75.00 per share,and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that should follow the split.What is the stock's expected price following the split?

• A)$32.06
• B)$33.75
• C)$35.44
• D)$37.21
• E)$39.07

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