Question: Maxwell Co. is considering a 9-for-6 stock split. The current stock price is $90 per share, and the firm believes that its total market value

Maxwell Co. is considering a 9-for-6 stock split. The current stock price is $90 per share, and the firm believes that its total market value would increase by 4% as a result of the improved liquidity that should follow the split. What is the stock's expected price following the split?

a. $62.40

b. $62.90

c. $140.40

d. $61.50

e. $60.00

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