Market value of the stock concept

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Reference no: EM13131074

A corporation has 50,000 shares of $28 par value stock outstanding that has a current market value of $160. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately

a. $7

b. $112

c. $40

d. $640

Reference no: EM13131074

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