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Effects of a stock split 8.3 Assume that you own 1,200 shares of $10 par...

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Accounting

Effects of a stock split

8.3

Assume that you own 1,200 shares of $10 par value common stock and the company has a 5 for 1 stock split when the market price per share is $70

a. How many shares of common stock will you own after the stock split

b what will probably happen to the market price per share of the stock.

c. What will probably happen to the par value per share of the stock.

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