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Expected stock price and after the stock spliturlacher

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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

Reference no: EM13355748

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