Toombs Media Corp

question 67

Multiple Choice

Toombs Media Corp.recently completed a 3-for-1 stock split.Prior to the split,its stock sold for $170 per share.The firm's total market value was unchanged by the split.Other things held constant,what is the best estimate of the stock's post-split price?

• A) $57.23
• B) $65.73
• C) $64.60
• D) $63.47
• E) $56.67

---

Definitions:

Stereotyping

A cognitive process where individuals generalize attributes, characteristics, and behaviors to members of a particular group.

Prejudice

A preconceived opinion that is not based on reason or actual experience.

Hindsight Bias

The inclination to believe, after an event has occurred, that one would have predicted or expected the outcome.

Stereotype

A widely held but oversimplified and generalized belief about a particular category of people or things.