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Nevada Corporation has 69,450 shares of $22 par stock outstanding that has a current market...

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Accounting

Nevada Corporation has 69,450 shares of $22 par stock outstanding that has a current market value of $162 per share. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a.13,890
b.69,450
c.347,250
d.763,950

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