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Richmond Corporation has 50,000 shares of 20 par value common stock outstanding. The current fair market value of its stock is 32 per share. The

Richmond Corporation has 50,000 shares of 20 par value common stock outstanding. The current fair market value of its stock is 32 per share. The Corporation splits its common stock on a 4 for 1 basis. After the split, the par value per share is

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