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Robinson's has 4 8 , 0 0 0 shares of stock outstanding with a par value of $ 1 per share and a market price
Robinson's has shares of stock outstanding with a par value of $ per share and a market price of $ a share. The balance sheet shows $ in the common stock account, $ in the paid in surplus account, and $ in the retained earnings account. The firm just announced a for stock split. How many shares of stock will be outstanding after the split?
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