Question
20. Tarheel Computing's stock was trading at $150 per share before its recent 3-for-1 stock split. The 3-for-1 split led to a 5% increase in
20.
Tarheel Computing's stock was trading at $150 per share before its recent 3-for-1 stock split. The 3-for-1 split led to a 5% increase in Tarheel's market capitalization. What was Tarheel's price after the stock split?
Group of answer choices
$ 50.00
$472.50
$ 47.62
$428.57
$ 52.50
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
13th Edition
978-0134083308, 013408330X
