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What amount approximately will the market value of the stock

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Question - A corporation has 40,081 shares of $31 par value stock outstanding that has a current market value of $348. If the corporation issues a 4-for-1 stock split, what amount approximately will the market value of the stock fall to?

a. $10,020

b. $8

c. $87

d. $317

Reference no: EM132515545

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