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Corporation F has 20,000 shares of $120 par value common stock, with a market value of $180 per share. Questions (a) If the stock is

Corporation F has 20,000 shares of $120 par value common stock, with a market value of $180 per share.

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(a) If the stock is split 2 : 1, what will be the new par value per share, new market value per share, and total number of shares outstanding? (b) What will your answers be to these questions if the stock is split 3:1?

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