Grullon Co

question 60

Multiple Choice

Grullon Co.is considering a 8-for-4 stock split.The current stock price is $75.00 per share,and the firm believes that its total market value would increase by 6% as a result of the improved liquidity that should follow the split.What is the stock's expected price following the split?

• A) $47.30
• B) $41.34
• C) $40.15
• D) $39.75
• E) $31.40

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A male sex hormone produced mainly by the testes.

Dominant Gene

A gene that is expressed in the phenotype over a recessive gene when they are paired together.