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Babel Corporation has 2,000,000 shares of $10 par value common stock issued and outstanding. The market price of the stock was $100 per share. Suppose

Babel Corporation has 2,000,000 shares of $10 par value common stock issued and outstanding. The market price of the stock was $100 per share. Suppose the company decided to declare a 4-for-1 stock split. What is the market price of the shares after the stock split?

a. $2.50

b. $25

c. $50

d. $5.00

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