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Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for ...

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Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for ...

Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $150 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?

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$50.00

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$52.50

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$55.13

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$57.88

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Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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Thanks for your help!!

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