Multiple Choice Question 126 Paiva Corporation splits its common stock 2 for 1, when the market value is $80 per share. Prior to the split, Paiva had 100,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock O is reduced to $5 per sthare. O is reduced to $2 per share O is reduced to $20 per share O remans the same