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During May, 2016, Backyard Corporation Announced a 4-For-1 Stock Split

Question 41

Multiple Choice

During May, 2016, Backyard Corporation announced a 4-for-1 stock split. This brought the number of shares outstanding from 25,792,000 shares to _____ shares, and its $1.20 par value to _____ per share.


A) 6,448,000; $4.80
B) 6,448,000; $0.30
C) 103,168,000; $0.30
D) 103,168,000; $4.80

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