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A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value of $180. If the corporation issues a 3-for-1

A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value of $180. If the corporation issues a 3-for-1 stock split, the market value of the stock will fall to approximately

a. $60

b. $45

c. $33.33

d. $25

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