Automotive Supplies Incs Stock trades at $50 a share. The company is contemplating a 4-for-3...
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Finance
Automotive Supplies Incs Stock trades at $50 a share. The company is contemplating a 4-for-3 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the companys stock price following the stock split?
Select one:
a. $75.00
b. $80.00
c. $50.00
d. $37.50
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