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GilCorp. is considering a 3 for 1 stock split. The stock currently sells for $48 a share. (a) What will the price be after the

GilCorp. is considering a 3 for 1 stock split. The stock currently sells for $48 a share.

(a) What will the price be after the split?

(b) Before the split, I have a 100 shares of Gil Corp. How many shares do I have after the split?

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