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Shares in Growth Corporation are selling for $80 per share. There are 2 million shares outstanding. The stock pays a 35 percent stock dividend. After

Shares in Growth Corporation are selling for $80 per share. There are 2 million shares outstanding. The stock pays a 35 percent stock dividend. After the dividend: How many shares will be outstanding? What will be the price per share?

Please state your answer in millions and to 2 decimal places.

a. Outstanding shares = ___ million

b. Price per share = __?

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