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Downie Foods recently completed a 4 - for - 1 stock split. Prior to the split, its stock sold for $ 1 3 5 per

Downie Foods recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $135 per share. If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?
Select the correct answer.
a. $35.44
b. $32.17
c. $33.26
d. $31.08
e. $34.35

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