Question: Grullon Co. is considering a 9-for-5 stock split. The current stock price is $85.00 per share, and the firm believes that its total market value

Grullon Co. is considering a 9-for-5 stock split. The current stock price is $85.00 per share, and the firm believes that its total market value would increase by 7% as a result of the improved liquidity that should follow the split. What is the stock's expected price following the split?

A) $47.50
B) $48.00
C) $51.54
D) $50.53
E) $61.14

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