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What be the market price per share after the split

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Trailways has 76,000 shares of stock outstanding. The current market value of the firm is $2.78 million. The company has capital in excess of par value of $1.09 mil million on its balance sheet. The company is planning a stock split of five- for-four. What be the market price per share after the split?

Reference no: EM132466979

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