What will be number of shares outstanding after stock split

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Reference no: EM13866561

A corporation has issued 17,000 shares $50 par value common stock. No treasury stock is held by the company. The board of directors declares a 4-for-1 stock split when the market value of the stock is $185.

a. What will be the number of shares outstanding after the stock split?

Reference no: EM13866561

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