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Expected stock price and after the stock split.
Urlacher Digital's stock is trading at $120 a share. The company plans to announce a 3-for-2 stock split. The stock split is expected to increase the company's market capitalization by 5 percent. What is the expected stock price after the stock split is completed?
a. $189.00
b. $84.00
c. $80.00
d. $50.40
e. $75.60
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