During May 2019, Mathew Outdoor Corporation announced a 3-for-1 forward stock split. This brought the number of shares outstanding from 25,792,000 shares to ___________ shares, and its $1.80 par value to _______ per share.
A) 8,597,334; $5.40
B) 8,897,334; $0.60
C) 77,376,000; $5.40
D) 77,376,000; $0.60
Correct Answer:
Verified
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