Becker financial recently declared a 2-for-1 stock split, Financial Management

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Becker financial recently declared a 2-for-1 stock split

Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

a. $36.10

b. $38.00

c. $40.00

d. $42.00

e. $44.10

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Financial Management: Becker financial recently declared a 2-for-1 stock split

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Financial Management: Becker financial recently declared a 2-for-1 stock split

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