Willis & Company has 20 million shares of $2 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price.

Question 4 Partially correct Mark 1.00 out of 2.00 P Flag question Outstanding Shares Willis & Company has 20 million shares of $2 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $ 0.5 Check You have correctly selected 1. Partially correct Marks for this submission: 1.00/2.00