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On September 1, 2018, Miami Corporation's common stock was selling at a market price of $25 per share. On that date, Miami announced a 1-for-4 stock...

On September 1, 2018, Miami Corporation's common stock was selling at a market price of $25 per share. On that date, Miami announced a 1-for-4 stock split. At what price would you expect the stock to trade immediately after the split goes into effect?


Multiple Choice

  • $100
  • $25
  • $6.25
  • $50

Top Answer

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