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A firm with 1,000,000 shares outstanding at $100 per share is declaring a 3 -for-8 reverse stock split, what would be the stock price after

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A firm with 1,000,000 shares outstanding at $100 per share is declaring a 3 -for-8 reverse stock split, what would be the stock price after the reverse split. Round the stock price to two decimals (e.g.22.05), and the unit is (\$). Your Answer: Answer units

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