Question: Mid-State Bank Corp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share and had 10 million shares

Mid-State Bank Corp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share and had 10 million shares outstanding. What will the stock price be following the split? How many shares will they now have outstanding?

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