Question: LTE stock sells for $ 2 8 . 8 3 per share and there are 4 7 0 , 0 0 0 shares outstanding. The

LTE stock sells for $28.83 per share and there are 470,000 shares outstanding. The company plans a 3-for-1 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? Multiple Choice $9.61 $76.88 $86.49 $14.42 $57.66

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