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Calculate the par value of the stock

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Reference no: EM132049020

Question - A Corporation has $50,000 shares of $25 par value stock outstanding that has a value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock will be:

a. $5

b. $60

c. unchanged

d. $24

Reference no: EM132049020

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