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A corporation has 46,442 shares of $22 par value stock outstanding that has a current market value of $364. If the corporation issues a 4-for-1

A corporation has 46,442 shares of $22 par value stock outstanding that has a current market value of $364. 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.$6

b.$342

c.$11,611

d.$91

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