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Whited Products recently completed a 4 for 1 stock split. Prior to the split, its stock sold for $120 per share. If the firms total

Whited Products recently completed a 4 for 1 stock split. Prior to the split, its stock sold for $120 per share. If the firms total market value increased by 5% as a result of increased liquidity and favorable market conditions, what was the stock price following the split?
1. $29.93
2. $31.50
3. $33.08
4. $34.73
5. $36.47

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