Approximate market price per share after the split

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Reference no: EM13793782

A corporation, which had 33,400 shares of common stock outstanding, declared a 5-for-1 stock split.

(a) What will be the number of shares outstanding after the split? How many shares? =

(b) If the common stock had a market price of $205 per share before the stock split, what would be an approximate market price per share after the split? Price per share =?

Reference no: EM13793782

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