Question: AEP has 4 , 7 0 0 , 0 0 0 shares of common stock outstanding with a market value of $ 5 0 per

AEP has 4,700,000 shares of common stock outstanding with a market value of $50 per share. Net income for the coming year is expected to be $6,600,000. If AEP has a two-for-one stock split, what was the price of the stock before the split? Round the prices of the stock to the nearest dollar.
$43
$50
$63
$70
AEP has 4 , 7 0 0 , 0 0 0 shares of common stock

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