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Stock Split Suppose Monte Carlo has 3,00,000 common shares outstanding, with a market price of 30 per share. The company has retained earnings of 18,61,000.

Stock Split Suppose Monte Carlo has 3,00,000 common shares outstanding, with a market price of 30 per share. The company has retained earnings of 18,61,000. If the company declares a 3-for-1 stock split, what will be the market capitalization?  

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