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A firm has 12 million common shares outstanding, currently trading at $125 per share for a total market value of $1.44 billion. They plan to

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A firm has 12 million common shares outstanding, currently trading at $125 per share for a total market value of $1.44 billion. They plan to split their stock 4 -for-3. Calculate the number of shares that will be outstanding and the share price after the split. Select one: a. 16.0 million; $94 b. 9.0 million; $94 c. 9.0 million; $167 d. 16.0 million; $167

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