Charm Inc. currently has 1.2 million shares outstanding each selling for $60. It is contemplating a 5-for-2 stock split. The firm believes that its total market value would increase by 6% following the split due to the improved liquidity. What is Charm Inc.s expected price after the split? *

5 points

a. $23.60

b. $24.00

c. $25.44

d. $22.64

e. None of the above