On May 1,2013,Monroe Corporation had 200,000 shares of $200 par value common stock outstanding with a market value of $320 per share.On May 2,2013,Monroe announced a 4-for-1 stock split.After the split,the par value of the stock

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After a 4-for-1 stock split, the number of shares outstanding increases by a factor of 4 and the market price per share decreases by a factor of 4. The par value per share remains the same, but the total par value of the shares outstanding increases by a factor of 4. Therefore, the par value of Monroe Corporation's common stock after the split is $50 per share ($200 par value divided by 4).

On May 1,2013,Monroe Corporation Had 200,000 Shares of $200 Par