A corporation has 71,792 shares of $24 par stock outstanding that has a current market...
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Accounting
A corporation has 71,792 shares of $24 par stock outstanding that has a current market value of $280 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a. $256
b. $17,948
c. $6
d. $70
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