Ontario Co.is considering a 8-for-3 stock split.The current stock price is $100.00 per share,and the firm believes that its total market value would increase by 6% as a result of the improved liquidity that it thinks would follow the split.What is the stock's expected price following the split?
A) $39.75
B) $33.75
C) $37.50
D) $37.21
Correct Answer:
Verified
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