Question: Urguhart has just declared a 4 for 3 stock split. If the pre-split price of common stock was $54 a share, what do you expect

Urguhart has just declared a 4 for 3 stock split. If the pre-split price of common stock was $54 a share, what do you expect the post-split price will be?

Question 5

Answer

a.$42.23

b.$36.18

c.$40.50

d.$72.00

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