Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $75 per share. If the firm's total market value increased by 6% as a result of increased liquidity and favorable signaling effects, what was the stock price following the split?

A. $19.28
B. $16.10
C. $16.89
D. $19.88
E. $21.86


Answer: D

Business

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Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations:   Variable costs per unit:  Direct materials$74?Fixed costs per year:  Direct labor$1,029,600?Fixed manufacturing overhead$4,461,600?Fixed selling and administrative expenses$3,864,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 57,200 units and sold 55,200 units. The company's only product is sold for $233 per unit.Assume that the company uses a variable costing system that assigns $18 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:

A. $74 per unit B. $170 per unit C. $240 per unit D. $92 per unit

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Define the differences between abstract and concrete classes

What will be an ideal response?

Business

The legal level of budgetary control represents the administrative level at which expenditures may not exceed appropriations without a formal budgetary amendment.

Answer the following statement true (T) or false (F)

Business

The Bonferroni adjustment to Fisher's Least Significant Difference (LSD) multiple comparison method is made by dividing the specified experimentwise Type I error rate by the number of pairs of population means

Indicate whether the statement is true or false

Business