Weschler Paint Corp.

Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately
prior to the split, its stock sold for $150 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. $50.00
b. $60.78
c. $52.50
d. $55.13
e. $57.88
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