Value common stock issued and outstanding

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Reference no: EM13126743

Dillon Corporation splits its common stock 2 for 1, when the market value is $40 per share. Prior to the split, Dillon had 50,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock:

a. Remains the same

b. Is reduced to $2 per share

c. Is reduced to $5 per share

d. Is reduced to $20 per share

Reference no: EM13126743

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