The Retail Outlet has 6,000 shares of stock outstanding and the current market value of the firm is $429,000.The company just announced a 2-for-1 stock split.What will be the market price per share after the split?
A) $35.75
B) $40.50
C) $80.50
D) $71.50
E) $50.25
Correct Answer:
Verified
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