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Question(s) / Instruction(s):

A corporation has 17,000 shares $50 par value common stock. The board of directors declares a 4-for-1 stock split when the market value of the stock is $185.

a.            What will be the number of shares outstanding after the stock split?

b.            What will be the par value of the shares after the stock split?

c.             What should be the approximate value of the stock after the stock split?  


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