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A corporation has 74,624 shares of $35 par stock outstanding that has a current market value of $318 per share. If the corporation issues a

A corporation has 74,624 shares of $35 par stock outstanding that has a current market value of $318 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately

a. $8.75

b. $283.00

c. $1,272.00

d. $79.50

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