Question: Grullon Co. is considering a 8-for-4 stock split. The current stock price is $75.00 per share, and the firm believes that its total market value

Grullon Co. is considering a 8-for-4 stock split. The current stock price is $75.00 per share, and the firm believes that its total market value would increase by 6% as a result of the improved liquidity that should follow the split. What is the stock's expected price following the split?

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