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Pero Corp. declared a two-for-one stock split. Rory Johnson owned 500 shares of Pero that were trading for $20 each before the split. Which of

Pero Corp. declared a two-for-one stock split. Rory Johnson owned 500 shares of Pero that were trading for $20 each before the split. Which of the following is likely to be true after the split?

Options:

None of the presented choices.

The number of shares Solly owns will increase by 100%.

Coombs' shareholder's equity will increase by 100%.

The number of common shares issued by Coombs will drop by 50%.

Coombs' retained earnings will drop by 50%.

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