Assume that you own 1,300 shares of $10 par value common stock and the company...
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Accounting
Assume that you own 1,300 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $32.50. Required: How many shares of common stock will you own after the stock split? What will probably happen to the market price per share of the stock?
(Round your answer to 2 decimal places.)
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