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Downie Foods recently completed a 2-for-1 stock split. Prior to the split, its stock sold for $40 per share on December 12th. If the stock
Downie Foods recently completed a 2-for-1 stock split. Prior to the split, its stock sold for $40 per share on December 12th. If the stock price increased by 5% on December 13th as a result of increased liquidity caused by the split, what was the stock price when the market closed on December 13 A) $20. B) $21. C) $80 D) $84 E) None of the above
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