Reference no: EM13866568
A corporation has issued 17,000 shares $50 par value common stock. The board of directors declares a 4-for-1 stock split when the market value of the stock is $185.
1. What should be the approximate market value of the stock after the stock split?
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: A corporation has issued 17,000 shares $50 par value common stock. The board of directors declares a 4-for-1 stock split when the market value of the stock is $185. What should be the approximate market value of the stock after the stock split?
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