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9. A corporation has 20,000 shares of $100 par common stock outstanding. The current market price per share is $200. Assume the corporation decided to

9. A corporation has 20,000 shares of $100 par common stock outstanding. The current market price per share is $200. Assume the corporation decided to implement a 2:1 stock split. Calculate the total value of the common stock outstanding after the stock split.

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