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What is the new par value of each shares

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Reference no: EM133129612

Question - Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares?

Reference no: EM133129612

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