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LTE stock sells for $28.95 per share and there are 490,000 shares outstanding. The company plans a 4-for-1 reverse stock split. Assuming no market imperfections
LTE stock sells for $28.95 per share and there are 490,000 shares outstanding. The company plans a 4-for-1 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? a) $86.85 b) $7.24 c) $115.80 d) $102.93 e) $9.65
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