Question: Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately Prior to the split, its stock sold for $105 per share. The firm's total
Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately Prior to the split, its stock sold for $105 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post- split price? Select the correct answer. a. $35.00 b. $35.82 C$38.28 d. $36.64 e. $37.46
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