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Company W has a market capitalization of $250 M. It does a 3-for-1 stock split. It then does a 1-for-2 reverse stock split. Nothing else

Company W has a market capitalization of $250 M. It does a 3-for-1 stock split. It then does a 1-for-2 reverse stock split. Nothing else changes. What is the new market cap? Why? Explain.

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