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Tangoes has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 per share. How many

Tangoes has 24,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 per share. How many shares of stock will be outstanding of the firm does a 3-for-2 stock split?

Multiple Choice

32,000 shares
16,000 shares
28,000 shares
36,000 shares
40,000 shares

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