Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $100 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split? Select one: a. $28.57 b. $25.43 c. $26.29 d. $28.86 e. $35.71

Principles of Accounting Volume 1
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Chapter14: Corporation Accounting
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Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $100 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

Select one:

a.

$28.57

b.

$25.43

c.

$26.29

d.

$28.86

e.

$35.71

 

 
 
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