Question 11 Tries remaining 1 Outstanding Shares Marked out of 0.91 Flag question Pearce & Company has 7 million shares of $2 par value common stock outstanding. The company believes that its current market price of $200 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 be the new par value per share? of shares 0 million $ Par value 0.5 per share Check Previous Save Answers