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A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 2-for-1

A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 2-for-1 stock split, the market value of the stock is expected to

a. fall to approximately $5.

b. fall to approximately $60.

c. remain the same.

d. fall to approximately $25.

please show work

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