If a corporation has 100,000 shares of common stock outstanding with a market value of $60 per share, what is the effect of a 4-for-1 stock split? There will be 25,000 shares outstanding each with a market value of $240. There will be 400.000 shares outstanding each with a market value of $15. There will be 100,000 shares outstanding each with a market value of 515 There will be 25 000 shares outstanding each with a market value of 560