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On December 31, 2020, Hawai Inc. had 10 million shares outstanding, which traded for $53.6 per share. On January 13, 2021, the CEO announced


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On December 31, 2020, Hawai Inc. had 10 million shares outstanding, which traded for $53.6 per share. On January 13, 2021, the CEO announced a 6-for-5 stock split. Every shareholder would receive 6 new shares for every 5 old shares held prior to the announcement. What will the stock price be after the split? Make your answer accurate to cents. That is, if your answer is 79.252, wrote 79.25.

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