Mid-state bank corporation recently declared a 7-for-2

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Reference no: EM13391928

Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

a. $20.63

b. $21.71

c. $22.86

d. $24.00

e. $25.20

Reference no: EM13391928

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