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What is the new par value of each shares

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Question - Bulldogs Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a stock that pays P12 per share dividend. The total legal capital of Bulldogs Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares?

Reference no: EM133129618

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