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What amount approximately will the market value stock fall

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Question - A corporation has 46,442 shares of $22 par value stock outstanding that has a current market value of $364. If the corporation issues a 4-for-1 stock split, what amount approximately will the market value of the stock fall to?

a. $6

b. $342

c. $11,611

d. $91

Reference no: EM132514118

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