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A company has 290,000 shares outstanding that sell for $78.84 per share. The company plans a 5-for-1 stock split. Assuming no market imperfections or tax

A company has 290,000 shares outstanding that sell for $78.84 per share. The company plans a 5-for-1 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

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