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Find what the par value of the stock was

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Reference no: EM132764454

Problem 1: On December 10, Daniel Co. split its stock 5-for-2 when the market value was P65 per share. Prior to the split, Daniel had 200,000 shares of P15 par value stock. After the split, the par value of the stock was

a. 3.00
b. 15.00
c. 6.00
d. 26.00

Reference no: EM132764454

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