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Venture Industries Ltd. had 300,000 common shares outstanding as of January 1 of the current year. On that date the shares were trading for $565
Venture Industries Ltd. had 300,000 common shares outstanding as of January 1 of the current year. On that date the shares were trading for $565 each. The Board of Directors declared a 5:2 stock split to be carried out immediately. When the stock split was complete, the total number of common shares outstanding will be ______________, and the market price per share should _______________. Select answer from the options below 750,000; decrease 120,000; increase 750,000; increase 120,000; decrease
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