Robinson's has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $24.20 a share.The firm just announced a four-for-three stock split.What will the market price per share be after the split?
A) $18.15
B) $17.65
C) $18.25
D) $30.46
E) $32.27
Correct Answer:
Verified
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