Question: Howard, Fine & Howard Distributors currently has five million common shares outstanding. The company recently announced a 3 for 2 stock split. The companys current

Howard, Fine & Howard Distributors currently has five million common shares outstanding. The company recently announced a 3 for 2 stock split. The company’s current market capitalization was $65 million. Assuming the market capitalization is the same at the time of the split, what will be the company’s adjusted share price after the split?

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