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A company has 340,000 shares outstanding that sell for $84.49 per share. The company plans a 6-for-5 stock split. Assuming no market imperfections or tax

A company has 340,000 shares outstanding that sell for $84.49 per share. The company plans a 6-for-5 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

a. $82.48

b. $101.39

c. $84.49

d. $70.41

e. $80.47

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