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Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for ...

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Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for ...

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?

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$24.00

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$30.00

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$31.50

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$33.50

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

Read 67 times

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