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 $85 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

a. $35.28
b. $39.53
c. $42.50
d. $33.58
e. $33.15

 

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Finance Basics: Becker financial recently declared a 2-for-1 stock split
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