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Mainway Toy Company currently has 1 0 , 0 0 0 shares of common stock outstanding. Its management believes that its current stock price of
Mainway Toy Company currently has shares of common stock outstanding. Its management believes that its current stock price of $ per share is too high. The company is planning to conduct stock splits in the ratio of for as described in the animation.
If Mainway Toy Company declares a for stock split, the price of the companys stock after the split, assuming that the total value of the firms stock remains the same after the split, will be
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