Problem regarding price of the company stock


Howard Contracting recently completed a 3-for-1 stock split. Prior to the split, its stock price was $150 per share. the firm's total market value wa unchanged by the split. What was the price of the company's stock following the stock split?

a)$50

b) $60

c) $90

d) $120

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Finance Basics: Problem regarding price of the company stock
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