Becker Financial Recently Completed a 7-For-2 Stock Split

question 48

Multiple Choice

Becker Financial recently completed a 7-for-2 stock split.Prior to the split,its stock sold for $90 per share.If the total market value was unchanged by the split,what was the price of the stock following the split?

• A)$23.21
• B)$24.43
• C)$25.71
• D)$27.00

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Definitions:

Slavery

An arrangement where people are possessed by others, stripped of their autonomy, and coerced into working or providing services without any form of payment.

Spoils System

A practice where political party leaders award government jobs to loyal party members as a reward for their support, regardless of their qualifications.

Political Violence

Political violence refers to violent acts committed with the aim to achieve political objectives, which can include terrorism, civil war, targeted assassinations, and other forms of violence used by both state and non-state actors.

Democracy

A form of government in which power is held by the people, who exercise power directly or through elected representatives.