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Justin owns 600 shares of $4 par value common stock with a market value of $20 per share. The stock's company just issued a
Justin owns 600 shares of $4 par value common stock with a market value of $20 per share. The stock's company just issued a 4-for-1 stock split. a. What was the total par value of the common stock before the split? b. How many shares of stock would Justin own after the stock split? c. What would the new total par value likely be after the stock split?
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