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L Question 19 The market value of Jonson Corporation's common stock had become excessively high. The stock was currently selling for $500 per share.

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L Question 19 The market value of Jonson Corporation's common stock had become excessively high. The stock was currently selling for $500 per share. To reduce the market price of the common stock, Dylan declared a 4-for-1 stock split for the 100,000 outstanding shares of its $10 par common stock. What is the number of common shares outstanding after the stock split? O 60,000 O 100,000 O 400,000 600,000 2 pts

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