Question: 4. Mid-State BankCorp recently declared a 5-for-2 stock split. Prior to the split, the stock sold for $70 per share. If the firm's total market

4. Mid-State BankCorp recently declared a 5-for-2 stock split. Prior to

4. Mid-State BankCorp recently declared a 5-for-2 stock split. Prior to the split, the stock sold for $70 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split? a. $20.63 b. $22.71 $24.86 d. $28.00 e. $32.00 C

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