What will be the par value per share after the split

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Shining Star Corporation has 26,000 shares of stock outstanding. The current market value of the firm is $778,000. The company has retained earnings of $410,000, capital in excess of par value of $230,000, , and a common stock account value of $26,000. The company is planning a reverse stock split of two-for-three. What will be the par value per share after the split?

Reference no: EM132467073

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