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ABC Company has 11,063 shares outstanding at a price of $58 per share. What will be the share price if the firms does a 1-for-7

ABC Company has 11,063 shares outstanding at a price of $58 per share. What will be the share price if the firms does a 1-for-7 stock split? Enter your answer rounded off to two decimal points. Do not enter $ in the answer box.

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