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A corporation has 30,000 shares of $27par stock outstanding that has a current market value of $120. If the corporation issues a 3-for-1 stock split,

A corporation has 30,000 shares of $27par stock outstanding that has a current market value of $120. If the corporation issues a 3-for-1 stock split, the par value of the stock after the split will be a. $40 b. $9 c. $31 d. None of the above

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