Problemmlc inc stock sold for 75 per share prior to a 4 for, Ask an Expert

Accounting

Problem:

MLC, Inc. stock sold for $75 per share prior to a 4 for 1 stock split.

Required:

Question: What is the expected post-split stock price, everything else held constant?

$50.00
$37.50
$18.75
$71.00
none of the above

Note: Please answer in proper manner and show all computations

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91168156

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