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A company currently has 1,200,000 shares outstanding that each sell for $65. Assume there are no tax effects or market imperfections. If the company has

A company currently has 1,200,000 shares outstanding that each sell for $65. Assume there are no tax effects or market imperfections. If the company has a 4-for-5 reverse stock split, after the split what will be the number of shares outstanding?

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