Question: 29. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. The firm's total market

29. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 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? a. $20.00 b. $25.00 c. $30.00 d. $38.73 e. $40.00

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