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A corporation, which had 50,000 shares of common stock outstanding, declared a 4 for 1 stock spit on January 1, 2021. If the common stock
A corporation, which had 50,000 shares of common stock outstanding, declared a 4 for 1 stock spit on January 1, 2021. If the common stock had a market price of $175 per share before the stock spilt, what would be the approximate price per share after the split? Multiple Choice $37,50 $43.75 $50.00 $75.00 None of the above Step by Step Solution
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Introduction To Financial Accounting
Authors: Anne Marie Ward, Andrew Thomas
7th edition
77138449, 978-0077132682, 77132688, 978-0077138448
