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Downie Foods recently completed a 4 -for-1 stock split. Prior to the split, its stock sold for $55 per share. If the firm's total marke

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Downie Foods recently completed a 4 -for-1 stock split. Prior to the split, its stock sold for $55 per share. If the firm's total marke value incrasalby 58 aid a result of increased liquidity caused by the split, what was the stock price following the split? Select the correct answer. a. $15.00 b. 513.88 c. $14.44 d. $16.42 e. 115.56

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