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A company has common stock trading at $2 per share. The company is thinking about a 1-for-5 reverse stock split. Assuming the stock split will
A company has common stock trading at $2 per share. The company is thinking about a 1-for-5 reverse stock split. Assuming the stock split will have no effect on the total market value of its equity, what will be the company's stock price following the stock split?
Select one:
a. $2 per share
b. $10 per share
c. $.40 per share
d. None of the above
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