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26 May, 08:13

A corporation has 41,770 shares of $35 par stock outstanding that has a current market value of $292 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a.$1,168.00 b.$8.75 c.$73.00 d.$257.00

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  1. 26 May, 10:06
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    c. $73.00 per share

    Explanation:

    The computation of market value of the stock will fall to approximately is shown below:-

    The market value of the stock will fall to approximately = Market value per share : 4-for-1 stock split

    = $292 : 4-for-1 stock split

    = $73.00 per share

    Therefore for computing the market value of the stock will fall to approximately we simply applied the above formula.
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