Whited products recently completed a 4-for-1 stock split, Ask an Expert

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Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $120 per share. If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?

$28.43
$29.93
$31.50
$33.08
$34.73

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