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Robinson's has 44,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $48 a share. The balance

Robinson's has 44,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $48 a share. The balance sheet shows $44,000 in the common stock account, $505,000 in the paid in surplus account, and $510,000 in the retained earnings account. The firm just announced a 5-for-2 stock split. How many shares of stock will be outstanding after the split?

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