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Outdoor, Inc. has 9,500 shares of $60 par common stock outstanding with a current market price of $114 per share. The board of directors declares
Outdoor, Inc. has 9,500 shares of $60 par common stock outstanding with a current market price of $114 per share. The board of directors declares a 6-for-1 stock split. A common shareholder who owned 17 shares of $60 par stock before the split would now own _____ shares of _____ par stock after the split. a. 27; $17 b. 10; $17 c. 102; $10 d. 27; $10
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