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Question
Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately 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
Answer
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