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Robinson's has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $44 a share. The balance
Robinson's has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $44 a share. The balance sheet shows $25,000 in the common stock account, $425,000 in the paid-in surplus account, and $350,000 in the retained earnings account. The firm just announced a 2-for-1 stock split. How many shares of stock will be outstanding after the split
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