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Nevada Corporation has 53,800 shares of $17 par stock outstanding that has a current market value of $193. If the corporation issues a 5-for-1 stock

Nevada Corporation has 53,800 shares of $17 par stock outstanding that has a current market value of $193. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

a. 53,800

b. 457,300

c. 269,000

d. 215,200

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