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P17-16 (similar to) Question Help Stock price around stock split Northeast Tires announces a reverse split. The company will consolidate outstanding shoes through a 4

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P17-16 (similar to) Question Help Stock price around stock split Northeast Tires announces a reverse split. The company will consolidate outstanding shoes through a 4 for 5 spit. That is, the company will consolidate every 5 shares that you currently own into 4 shares. The current stock price is $2 per share. What will the share price beater the split? If you own 10,000 shares, how many will you have after the reverse split? What will your wealth in stock be after the spill? What will the share price be after the split? s(Round to the nearest cent) Enter your answer in the answer box and then click Check Ans parts

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