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AA is a pharmaceutical company and plants to ????????????adopt a stock splits by giving 4 stocks for 3 existing stocks The current stock price per

AA is a pharmaceutical company and plants to

????????????adopt a stock splits by giving

4

stocks for

3

existing stocks

The current stock price per share is

$50

The company's managers believe the total market value would

?????????????increase by

10%

This is because of the expected improvement in companies' liquidity that will follow the company's plan

Find the stock's expected price immediately after the stock split.

a- Less than $35.00

b- [$35.00,$36.50]

c- [$36.5,$38.50]
d- [$39.50, $42.00]

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