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A Fortune 500 company has 300,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has

A Fortune 500 company has 300,000 shares of common stock outstanding that is currently selling at a price of $100 per share. The company has announced a 3-for-2 stock split. Determine the number of shares outstanding for the company after the stock split takes effect.

answers choices:

300,000 shares

200,000 shares

450,000 shares

900,000 shares

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