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The Retail Outlet has 17,500 shares of stock outstanding with a par value of $1 per share. The current book value of the firm is
The Retail Outlet has 17,500 shares of stock outstanding with a par value of $1 per share. The current book value of the firm is $387,800 and the balance in the capital in excess of par value account is $146,300. The company just announced a four-for-three stock split. What will be the common stock account balance after the split?
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