Problem regarding the firm total market value

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Reference no: EM13987127

Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $85 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split?

a) $35.28

b) $39.53

c) $42.50

d) $33.58

e) $33.15

Reference no: EM13987127

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