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What is the par value of the share capital after the split

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Question - On December 10, EXO Co. split its share capital on a 5-for-2 when the market value was $60 per share. Prior to the split, EXO had 200,000 shares of $15 par value share capital. What is the par value of the share capital after the split?

A. 6.00

B. 37.50

C. 24.00

D. 15.00

Reference no: EM133028359

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