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Delta Brands, Inc., has 75,000 shares of stock outstanding at a market price of $54 a share. The par value is $1 per share. The
Delta Brands, Inc., has 75,000 shares of stock outstanding at a market price of $54 a share. The par value is $1 per share. The company has just announced a 4 for 3 stock split. What will the market price per share be after the split?
43.7
40.5
52.0
28.5
38.2
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