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Question
Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $75 per share. If the firm's total market value increased by 6% as a result of increased liquidity and favorable signaling effects, what was the stock price following the split?a. $19.28
b. $16.10
c. $16.89
d. $19.88
e. $21.86
Answer
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