Vaughn Corporation splits its common stock 2 for 1, when the market value is $99 per share. Prior to the split, Vaughn had 100000 shares of $20 par value common stock issued and outstanding. After the split, the par value of the stock remains the same. is reduced to $40 per share. is reduced to $2 per share. is reduced to $10 per share.

Vaughn Corporation splits its common stock 2 for 1 , when the market value is $99 per share. Prior to the split, Vaughn had 100000 shares of $20 par value common stock issued and outstanding. After the split, the par value of the stock remains the same. is reduced to $40 per share. is reduced to $2 per share. is reduced to $10 per share