Question: Howard Contracting recently completed a 3-for-1 stock split. Prior to the split, its stock price was $150 per share. The firm's total market value was

Howard Contracting recently completed a 3-for-1 stock split. Prior to the split, its stock price was $150 per share. The firm's total market value was unchanged by the split. What was the price of the companys stock following the stock split?

A. $150.00

B. $60.00

C. $50.00

D. $90.00

E. $120.00

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