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Problem 14-5
Stock Split

JPix management is considering a stock split. JPix currently sells for $65 per share, and a 3-for-2 stock split is contemplated. What will be the company's stock price following the stock split assuming that the split has no effect on the total market value of JPix's equity? Round your answer to the nearest cent.

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Nestor Rutherford
Nestor RutherfordLv2
29 Sep 2019

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Please show how you arrived at the answer so that I may study it.

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