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A corporation has 62, 752 shares of $22 par value stock outstanding that has a current market value of $350. If the corporation issues a

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A corporation has 62, 752 shares of $22 par value stock outstanding that has a current market value of $350. 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. $88 $6 $15, 688 $328

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