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What would be an approximate market price per share

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Problem - Effect of stock split - Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 100,000 shares of common stock outstanding, declared a 5-for-1 stock split (4 additional shares for each share issued). What will be the number of shares outstanding after the split?

If the common stock had a market price of $200 per share before the stock split, what would be an approximate market price per share after the split?

Reference no: EM132878419

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