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What will the market price per share be after the split

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The Peanut Shack has 6,5000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $145,600. The company just announced a 3-for-2 stock split. What will the market price per share be after the split?

$28.20
$16.18
$12.14
$14.93
$36.40

 

Reference no: EM13263734

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