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The Peanut Shop has 5,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is

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The Peanut Shop has 5,000 shares of stock outstanding with a par value of $1.00 per share. The current market value of the firm is $780,000. The company just announced a 3-for-1 stock split. What will the market price per share be after the split? Multiple Choice O $13 O $26 O $42 $52 $78

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