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Manifest Digital Devices (MDD) presntly has 400,000 shares of common stock outstanding trading at a price of $150 per share. IF MDD decides to enact

Manifest Digital Devices (MDD) presntly has 400,000 shares of common stock outstanding trading at a price of $150 per share. IF MDD decides to enact a 3-for-5 reverse stock split, what is the stock price after the reverse split has taken effect?

Answer Options:

1. $90

2. $150

3. $250

4. $300

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