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

question 59

Multiple Choice

Whited Products recently completed a 4-for-1 stock split.Prior to the split,its stock sold for $120 per share.If the firm's total market value increased by 5% as a result of increased liquidity caused by the split,what was the stock price following the split?

• A)$24.00
• B)$30.00
• C)$31.50
• D)$33.50