Multiple Choice
A corporation has 50,000 shares of $28 par value stock outstanding that has a current market value of $150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
A) $7.00
B) $112.00
C) $37.50
D) $600.00
Correct Answer:
Verified
Correct Answer:
Verified
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