21. Suppose a stock has split (1 share becomes 2 shares) 4 times between 2010 and 2016 and that you use a historical price service that adjusts prices for splits and dividends. If the actual market close price for the stock on July 1, 2009 was $100.00 and on July 1 2017 it was $200, what would you expect the adjusted close to be on those two dates respectively? A) $6.25 in July 2009, and $200.00 in July 2017. B) $100.00 in July 2009, and $3200.00 in July 2017. C) $100.00 in July 2009, and $200.00 in July 2017. D) $400.00 in July 2009, and $800.00 in July 2017. Answer: A