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Q1) Urlacher Digital's stock is trading at $120 share. Company plans to announce a 3-for-2 stock split. Stock split is expected to increase company's market capitalization by 5%.  Determine the expected stock price after stock split is completed?


a. $189.00


b. $84.00


c. $80.00


d. $50.40


e. $75.60


Q2) Albany Motors currently completed a 3-for-1 stock split.  Previous to split, company had 10 million shares outstanding and its stock price was $150 per share.  After split, total market value of company's stock equaled $1.5 billion.  Compute the price of company's stock following stock split?


a.  $15


b. $45


c. $50


d.  $150


e.  $450

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