Outstanding Shares Pearce & Company has 10 million shares of $2 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares (in millions) will be outstanding following the stock split, and what will # of shares 40,000,000 x million $ Par value 0.5 per share Check