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A company has 350,000 shares outstanding that sell for $85.62 per share. The company plans a 2-for-1 stock split. Assuming no market imperfections or tax

A company has 350,000 shares outstanding that sell for $85.62 per share. The company plans a 2-for-1 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

Multiple Choice

  • $85.62

  • $67.27

  • $42.81

  • $48.93

  • $171.24

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