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LTE stock sells for $27.87 per share and there are 310,000 shares outstanding. The company plans a 5-for-3 reverse stock split. Assuming no market imperfections

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LTE stock sells for $27.87 per share and there are 310,000 shares outstanding. The company plans a 5-for-3 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? Multiple Choice O O $55.74 O O $46.45 $13.94 O O $41.29 O O $16.72

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