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Toy World Inc. reported the following information: common shares, no par; unlimited shares authorized; 200,000 shares issued and outstanding. Question: What is the typical effect

Toy World Inc. reported the following information: common shares, no par; unlimited shares authorized; 200,000 shares issued and outstanding.

Question:

What is the typical effect of a 3-for-1 stock split on the information Toy World reports above? If the market value of the common shares is $30 per share when the stock split is declared, what would you expect the approximate market value per share to be immediately after the split?

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