Question: Toombs media corp. recently completed a 3-for-1 stock split. Prior to the split its stock sold for $150 per share. The firm's total market value

Toombs media corp. recently completed a 3-for-1 stock split. Prior to the split its stock sold for $150 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. $50.00 b. $52.50 c. $55.13 d. $57.88 e. 60.78

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