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A firm has a total market value of $89,600 with 6,500 shares of stock outstanding. What will be the total market value of the firm

A firm has a total market value of $89,600 with 6,500 shares of stock outstanding. What will be the total market value of the firm if it does a 1-for-2 reverse stock split?

$44,800

$148,300

$179,200

$122,300

$89,600

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