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

question 34

Multiple Choice

Whited Products recently completed a 4-for-1 stock split.Prior to the split,its stock sold for $75 per share.If the firm's total market value increased by 6% as a result of increased liquidity and favorable signaling effects,what was the stock price following the split?

• A) $19.28
• B) $16.10
• C) $16.89
• D) $19.88
• E) $21.86