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The Winston Co. has 100,000 shares of stock outstanding. The current market value of the firm is $6 million. The company has retained earnings of

The Winston Co. has 100,000 shares of stock outstanding. The current market value of the firm is $6 million. The company has retained earnings of $2.1 million. The company is planning a 3-for-1 stock split. What will the market price per share be after the split?

Multiple Choice

$12.50
$20.00
$37.50
$56.25
$75.00

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