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A company's stock currently sells for $120 per share. The company has announced a 12% stock dividend, which will result in 1,400,000 shares outstanding after

A company's stock currently sells for $120 per share. The company has announced a 12% stock dividend, which will result in 1,400,000 shares outstanding after the stock dividend. Assuming there are no market imperfections or tax effects, what is the current number of shares outstanding (i.e. before the stock dividend)?

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