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A company has 420,000 shares outstanding that sell for $93.53 per share. The company plans a 5-for-3 stock split. Assuming no market imperfections or tax
A company has 420,000 shares outstanding that sell for $93.53 per share. The company plans a 5-for-3 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?
$55.45
$46.77
$64.13
$56.12
$155.88
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