Multiple Choice
A corporation has 60,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be:
A) 60,000
B) 10,000
C) 300,000
D) 30,000
Correct Answer:
Verified
Correct Answer:
Verified
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