Question: A company recently completed a 5-for-3 stock split. Prior to the split, its stock sold for $155 per share. If the total market value was
A company recently completed a 5-for-3 stock split. Prior to the split, its stock sold for $155 per share. If the total market value was unchanged by the split, what was the price of the stock following the split?
| 81 | ||
| 75 | ||
| 93 | ||
| 87 | ||
| 69 |
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The correct answer is 93 Heres why In a 5for3 stock split for every 3 shares you owned before you n... View full answer
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