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Frederic's Ltd in Vancouver has 47,500 shares of stock outstanding with a par value of $1.00 per share and a market price of $18 a

Frederic's Ltd in Vancouver has 47,500 shares of stock outstanding with a par value of $1.00 per share and a market price of $18 a share. The firm just announced a 3-for-2 stock split. What will the market price per share be after the split? (Do not use the dollar($) sign in your answer).

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