Answer:
stock price = $31.50
Explanation:
given data
stock sold = $120 per share.
total market value increased = 5%
stock split = 4 for 1
solution
we get here stock price that is express as
stock price = stock sold + ( stock sold × market value increase ) × stock split ............................1
put here value
stock price = 120 + ( 120 × 5% ) × [tex]\frac{1}{4}[/tex]
stock price = 126 × [tex]\frac{1}{4}[/tex]
stock price = $31.50
