The market value of Dylan Corporations common stock had become excessively high. The stock was...
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Accounting
The market value of Dylan Corporations common stock had become excessively high. The stock was currently selling for $450 per share. To reduce the market price of the common stock, Dylan declared a 3-for-1 stock split for the 390,000 outstanding shares of its $10 par common stock.
Required b. Determine the number of common shares outstanding and the par value after the split. (Round your "Par value" to 2 decimal places.)
Number of shares=
Per Value=
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