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Auto Supply Has 54,200 Shares of Stock Outstanding with a Par

Question 70

Multiple Choice

Auto Supply has 54,200 shares of stock outstanding with a par value of $1 per share and a market value of $6.20 a share.The company just announced a two-for-nine reverse stock split.What will be the par value per share after the split?


A) $.22
B) $.44
C) $1.00
D) $2.50
E) $4.50

Correct Answer:

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