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A corporation has 52,457 shares of $25 par value stock outstanding that has a current market value of $304 per share. If the corporation issues

A corporation has 52,457 shares of $25 par value stock outstanding that has a current market value of $304 per share. If the corporation issues a 5-for-1 stock split, determine the number of shares outstanding.

Select the correct answer.

52,457

unchanged

655,713

262,285

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