A corporation has 46,442 shares of $22 par value stock outstanding that has a current market value
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Question:
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
Expert Answer:
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