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The Tinslow Co. has 120,000 shares of stock outstanding at a market price of $90 a share. The company has just announced a 3-for-1 stock

The Tinslow Co. has 120,000 shares of stock outstanding at a market price of $90 a share. The company has just announced a 3-for-1 stock split. How many shares of stock will be outstanding after the split?

Options:

40,000 shares

120,000 shares

240,000 shares

360,000 shares

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