Question: Wildcat Company is considering a 5-for-3 stock split. The current price is $57.00 per share, and Wildcat believes that its total market value would increase

Wildcat Company is considering a 5-for-3 stock split. The current price is $57.00 per share, and Wildcat believes that its total market value would increase by 7.5% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split?

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