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Mario's has 18,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $33 a share. The firm

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Mario's has 18,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $33 a share. The firm just announced a 5-for-3 stock split. What will the par value of the stock be after the split? Multiple Choice $0.40 U $0.60 O $1.00 O $1.30 O $1.50

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