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Toombs Media Corp. recently completed a 3 - for - 1 stock split. Prior to the split, its stock sold for $ 1 0 0

Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $100 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?
a. $35.00
b. $35.33
c. $41.00
d. $38.67

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