Question: Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $60 per share. If the firm's total market value

Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $60 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split? Please show your work

a.	$20.40
b.	$17.14
c.	$14.74
d.	$16.80
e.	$13.54

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