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Nevada Corporation has 42,000 shares of $20 par stock outstanding that has a current market value of $316. If the corporation issues a 5-for-1 stock
Nevada Corporation has 42,000 shares of $20 par stock outstanding that has a current market value of $316. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a.42,000
b.420,000
c.210,000
d.168,000
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