Expect the stock to trade immediately

Reference no: EM13145939

On September 1, 2005, Saturn Corporation's common stock was selling at a market price of $300 per share. On that date, Saturn announced a 3 for 2 stock split. At what price would you expect the stock to trade immediately after the split goes into effect?

a) $200.

b) $450.

c) $150.

d) $300.

Reference no: EM13145939

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