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Compute new stock price after 7 for 2 stock split for Becker

Becker Financial recently completed a 7-for-2 stock split. Prior to the split, it stock sold for $90 per share. If the total market value was unchanged by the split, what was the price of the stock following the split?

a) $23.21
b) $24.43
c) $25.71
d) $27.00
e) $28.35

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Solution Summary

Computation provided. No discussion.

$2.19