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The Meltzer Corporation is contemplating a 7-for-3 stock split. The current stock price is $92.50 per share, and the firm believes that its total market
The Meltzer Corporation is contemplating a 7-for-3 stock split. The current stock price is $92.50 per share, and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split? Select the correct answer.
a. $43.43
b. $40.73
c. $42.53
d. $41.63
e. $44.33
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