What is the total value of the new shares

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Question: The stock price of Marcus Motors is $500 per share. Management wants to get the price down to approximately $65 per share.

(1) What stock split would be required to get to this price, assuming the transaction has no effect on the total market value? Put another way, how many new shares should be given per one old share? Round to the nearest whole share.

(2) What is the total value of the new shares?

Reference no: EM131928708

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