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( 1 3 of 2 0 ) Rasperry has 6 2 , 0 0 0 shares of $ 1 1 . 0 0 par common

(13

20)

Rasperry has

62, 000

shares of $

11.00

par common stock outstanding. Raspberry announces a stock split of

4 -

for

- 1 .

What is the new par value per share after the stock split?

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