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What is the par value of its stock after the split

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Question - A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock account is $200,000. The company does a 2-for-1 stock split. What is the par value of its stock after the split?

a. $2.00

b. $4.00

c. $0.50

d. $3.00

e. $1.00

Reference no: EM132483692

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