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How many shares of stock will be outstanding

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Reference no: EM132751317

Tele Inc. has 60,000 shares of $20 per value common stock outstanding when it announces a 4-for-1 stock split. Before the split, the stock had a market price of $240 per share.

Problem (a) After the split, how many shares of stock will be outstanding?

Problem (b) What will be the approximately price per share

Reference no: EM132751317

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