The common stock of Margot,Inc.is selling for $63 a share.The par value per share is $1.Currently,the firm has a total market value of $94,500.How many shares of stock will be outstanding if the firm does a 2-for-1 stock split?
A) 800 shares
B) 1,200 shares
C) 3,000 shares
D) 3,600 shares
E) 4,800 shares
Correct Answer:
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