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How many shares are outstanding after the split

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Question - A company currently has 3,000,000 common shares outstanding and total shareholders' equity on its statement of financial position of $12,000,000. The current market price of the company's shares is $20 per share. The company does a three-for-one stock split. How many shares are outstanding after the split?

a) 1,000,000 shares

b) 9,000,000 shares

c) 12,000,000 shares

d) 20,000,000 shares

Reference no: EM132517298

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