a stock that was selling for $48 a share split 2-for-1. Before the split, the company had 3.4 million shares of stock outstandin
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Answer:
Step-by-step explanation:
Since we're looking at perpendicular lines, the slope of the new line is the reciprocal of the original line.
So the slope of our new line is
So far, we are looking at
Now we need to find the b value by plugging in the given point.
So the final equation is