Toombs Media Corp

question 17

Multiple Choice

Toombs Media Corp.recently completed a 3-for-1 stock split.Prior to the split,its stock sold for $160 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) $55.47
• B) $50.67
• C) $40.00
• D) $41.60
• E) $53.33

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Definitions:

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.

Psychoanalysis

A therapeutic approach originated by Sigmund Freud that seeks to explore the unconscious mind to understand and treat psychological disorders.

Psychological Laboratory

A controlled environment designed for conducting scientific research and experiments in psychology.

Leipzig

A city in eastern Germany, known for its cultural heritage, including music, and historically significant as a major center for the study of psychology.