Loud music inc recently completed a 3-for-1 stock split


Loud Music Inc recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. What was the stock price following the split?

$20.00

$480.00

$30.00

$120.00

$40.00

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Financial Management: Loud music inc recently completed a 3-for-1 stock split
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