Kaneb Services Inc. has just declared a 3 for 2 stock split. If the pre-split price of common stock was $42 a share, what will be the post-split price per share (assuming no other changes occur)?
A) $31.50
B) $26.25
C) $25.15
D) $28.00

Question

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The Answer of Kaneb Services Inc. has just declared a 3 for 2 stock split. If the pre-split price of common stock was $42 a share, what will be the post-split price per share (assuming no other changes occur)?
A) $31.50
B) $26.25
C) $25.15
D) $28.00