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37 A corporation has 77,224 shares of $28 par value stock outstanding that has a current market value of $341. If the corporation issues a

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A corporation has 77,224 shares of $28 par value stock outstanding that has a current market value of $341. If the corporation issues a 4-for-1 stock split, what amount approximately will the market value of the stock fall to? Select the correct answer. a. $313 Ob. 37 C. $19,306 d. $85

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