MLC, Inc. stock sold for $75 per share prior to a 4 for 1 stock split. What

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MLC, Inc. stock sold for $75 per share prior to a 4 for 1 stock split. What is the expected post-split stock price, everything else held constant?
1. $50.00
2. $37.50
3. $18.75
4. $71.00
5. None of the above

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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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Question Posted: Mar 05, 2018 10:08 AM

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MLC, Inc. stock sold for $75 per share prior to a 4 for 1 stock split. What

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5 None of the above Explanation A...View the full answer

Financial Institutions Management A Risk Management Approach

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