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Question
AFB, Inc. stock is currently selling for $20 per share. The company completed a 5-for-1 stock split two days earlier. Two years ago, the company had a 2-for-1 stock split. If the stock splits had not happened, the price of AFB, Inc. stock would, other things being equal, beA) $140.00 per share.
B) $200.00 per share.
C) $100.00 per share.
D) $2.00 per share.
Answer
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