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

Identify factors leading to strategy changes in organizations.

Grasp the concept of response strategies to the global environment.

Know important international agreements and organizations affecting global operations.

Understand the basic characteristics and rights associated with common and preferred stocks.