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A firm currently has 200,000 shares of stock outstanding at a market price per share of $120. Today, the firm announced a 2-for-1 stock split.

A firm currently has 200,000 shares of stock outstanding at a market price per share of $120. Today, the firm announced a 2-for-1 stock split. What will the price per share be after the split? $240.00 $120.00 $40.00 $60.00

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