Question: 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.

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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