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The Peanut Shack has 3,500 shares of stock outstanding with a par value of $1...

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Finance

The Peanut Shack has 3,500 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $178,200. The company just announced a stock split of seven-for-three. What will be the market price per share after the split?

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