Question: Saskatchewan Corp. is considering a 15-for-3 stock split. The current stock price is $86.00 per share, and the firm believes that its total market value

Saskatchewan Corp. is considering a 15-for-3 stock split. The current stock price is $86.00 per share, and the firm believes that its total market value would increase by 2% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split?

Select one:

a. $89.00

b. $17.54

c. $35.44

d. $17.20

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