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Downie Foods recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $195 per share. If the firm's total market value
Downie Foods recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $195 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. O a. $52.50 O b. $51.19 O c. $53.81 O d. $55.12 e. $56.43
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