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Assume that you own 400 shares of $10 par value common stock of a company and the company has a 2 -for- 1 stock spilt

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Assume that you own 400 shares of $10 par value common stock of a company and the company has a 2 -for- 1 stock spilt when the market price per share is $60. Required: a. How many shares of common stock will you own after the stock split? b. What will probably happen to the market price per share of the stock? c. What will probably happen to the par value per share of the stock

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