The market value of Dylan Corporations common stock had become excessively high. The stock was currently selling for $300 per share. To reduce the market price of the common stock, Dylan declared a 3-for-1 stock split for the 250,000 outstanding shares of its $10 par common stock.

Required

b.	Determine the number of common shares outstanding and the par value after the split. (Round your "Par value" to 2 decimal places.)