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A corporation has 76,474 shares of $35 par value stock outstanding that has a current market value of $306. If the corporation issues a 4-for-1

A corporation has 76,474 shares of $35 par value stock outstanding that has a current market value of $306. 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.

$19,119

$77

$271

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