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Joshua Smith owns 80 shares of the Rockford Corporation's stock. Rockford announces a 3 for...

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Accounting

Joshua Smith owns 80 shares of the Rockford Corporation's stock. Rockford announces a 3 for 2 stock split. How many shares will Joshua have after this split?

a) 120 shares.

b) 53 shares (rounded).

c) 160 shares.

d) 240 shares.

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