Question: Q20. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $75 per share. The firm's total market

Q20. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior

Q20. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $75 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? a. $31.25 b. $23.25 c. $19.50 d. $25.00

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