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A corporation has 50,000 shares of $25 par value stock outstanding that has a current...

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Accounting

A corporation has 50,000 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 total number of shares after the split will be:

25,000

50,000

250,000

500,000

Answer & Explanation Solved by verified expert
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