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A company has 430,000 shares outstanding that sell for $94.66 per share. The company plans a 5-for-4 stock split. Assuming no market imperfections or tax

A company has 430,000 shares outstanding that sell for $94.66 per share. The company plans a 5-for-4 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

Multiple Choice

$86.55
$90.60
$75.73
$118.33
$94.66

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