Question: Whited Products recently completed a 4 for 1 stock split. Prior to the split, its stock sold for $120 per share. If the firms total

  1. Whited Products recently completed a 4 for 1 stock split. Prior to the split, its stock sold for $120 per share. If the firms total market value increased by 5% as a result of increased liquidity and favorable market conditions, what was the stock price following the split?
    1. $29.93
    2. $31.50
    3. $33.08
    4. $34.73
    5. $36.47

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