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A corporation has 66,952 shares of $38 par stock outstanding that has a current market...

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Accounting

A corporation has 66,952 shares of $38 par stock outstanding that has a current market value of $316 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately

a.$278.00

b.$79.00

c.$1,264.00

d.$9.50

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