Question: Mid-State BankCorp recently declared a 5-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value

Mid-State BankCorp recently declared a 5-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

a. $20.63

b. $22.71

c. $24.86

d. $28.00

e. $32.00

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