You own stock in a firm that has 1.25 million shares outstanding. The current stock price is $13.50 per share. If the company does a 3-for-1 stock split, what would you expect the stock price to be after the split?
A) $3.67
B) $4.33
C) $4.50
D) $13.50
E) $40.50
Correct Answer:
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