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A firm has 1,050,000 shares of stock outstanding with a market price of $47.50 per share. The company just announced a stock split of 3-for-2.

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A firm has 1,050,000 shares of stock outstanding with a market price of $47.50 per share. The company just announced a stock split of 3-for-2. How many shares of stock will be outstanding after the split? Multiple Choice 2,100,000 700,000 1,356,667 1,050,000 1,575,000 D

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