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ABC Co. shares are currently trading for $54. Assume t ere is no new information about the company. If the company does a 10 percent

ABC Co. shares are currently trading for $54. Assume t ere is no new information about the company. If the company does a 10 percent bonus slare issue, what will the approximate price of the share be after the issued?

Select one:

O a. $49.09 per share

b. $54.00 per share
c. $47.80 per share
d. $48.60 per share

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