Question: Jasper Co . is considering a 9 - for - 5 stock split. The current stock price is $ 7 1 . 0 0 per

Jasper Co. is considering a 9-for-5 stock split. The current stock price is $71.00 per share, and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that should follow the split. What is the stock's expected price following the split?
a.
134.19
b.
41.42
c.
74.55
d.
41.81
e.
39.44

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