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Outdoor, Inc. has 9,300 shares of $70 par common stock outstanding with a current market price of $102 per share. The board of directors declares

Outdoor, Inc. has 9,300 shares of $70 par common stock outstanding with a current market price of $102 per share. The board of directors declares a 7-for-1 stock split. A common shareholder who owned 15 shares of $70 par stock before the split would now own _____ shares of _____ par stock after the split. a. 10; $15 b. 25; $15 c. 105; $10 d. 25; $10

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