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Loyal Corp. has 100,000 outstanding shares of $10 par stock which trades in the market for $105. Management is considering a 5 for 1 stock

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Loyal Corp. has 100,000 outstanding shares of $10 par stock which trades in the market for $105. Management is considering a 5 for 1 stock split. If the split does occur, how many Loyal shares will be outstanding

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