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Company ABC has 15,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a share. How
Company ABC has 15,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a share. How many shares of stock will be outstanding if the firm does a 3-for-2 stock split?
A.
27,500 shares
B.
22,500 shares
C.
20,000 shares
D.
12,500 shares
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