Determine the new number of shares outstanding

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Problem - More is More Inc. currently has 460, 000 shares outstanding, which sell for $94.84 per share. Assume no market imperfections or tax effects exist.

A) What will the share price be after More is More Inc. has a 5-for-4 share split?

B) Determine the new number of shares outstanding.

Reference no: EM133033829

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