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QUESTION 18 4 points Save Answer Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $80 per
QUESTION 18 4 points Save Answer Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $80 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price? $30.67 O $25.33 O $26.40 $22.40 o $26.67 QUESTION 19 4 points Save Answer Mulhern's stock has a beta of 1.23, its required return is 9.50%, and the risk-free rate is 2.30%, what is the required rate of return on the market? (Hint: First find the market risk premium.) o 9.87% 8.40% 8.15% o 8.72% o 8.32%
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