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Chapter 13: Nevada Corporation has 30,000 shares of $25 par stock outstanding that has a current market value of $120.If the corporation issues a 5-for-1

Chapter 13:

Nevada Corporation has 30,000 shares of $25 par stock outstanding that has a current market value of $120.If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

a.

150,000

b.

6,000

c.

15,000

d.

60,000

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