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A corporation has 50,000 shares of $25 par stock outstanding

Finance

A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be

a)16,666 shares

b) 50,000 shares

c) 150,000 shares

d) 100,000 shares

Option 1

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