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Assume ConED has 1000 shares of stock outstanding and the current market price is $200 per share. To adjust their stock price, ConEd executes a

Assume ConED has 1000 shares of stock outstanding and the current market price is $200 per share. To adjust their stock price, ConEd executes a 4-for-1 stock split. How many shares should now have outstanding and what should be the stack price?

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