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Grullon Co. is considering a 7-for-3 stock split. The current stock price is $75 per share, and the ...

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Grullon Co. is considering a 7-for-3 stock split. The current stock price is $75 per share, and the ...

Grullon Co. is considering a 7-for-3 stock split. The current stock price is $75 per share, and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that it thinks would follow the split. What is the stock’s expected price following the split?

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$32.06

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$33.75

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$35.44

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$37.21

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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More solutions for this book are available here

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