Cooper Brands,Inc.,has 68,000 shares of stock outstanding at a market price of $63 a share.The par value is $1 per share.The company has just announced a 5-for-4 stock split.What will the market price per share be after the split?
A) $50.40
B) $58.20
C) $62.50
D) $78.75
E) $82.50
Correct Answer:
Verified
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