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Anardi Limited currently has 500,000 shares of stock outstanding that sell for $148 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a. Anardi has a five-for-three stock split? $88.80
b. Anardi has a 15 percent stock dividend?
c. Anardi has a 42.5 percent stock dividend?
d. Anardi has a four-for-seven reverse stock split?
e. Determine the new number of shares outstanding in parts (a) through(d)
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