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A company has 2 8 0 , 0 0 0 shares outstanding that sell for $ 8 5 . 7 5 per share. The company

A company has 280,000 shares outstanding that sell for $85.75 per share. The company plans a 4-for-3 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

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