A 3-for-1 stock split will:
A) triple the par value and drop the number of outstanding shares by one-third.
B) have no effect on the par value, but will affect the number of outstanding shares.
C) have no effect on the number of outstanding shares, but will affect par value.
D) cut the par value by one-third and triple the number of outstanding shares.
Correct Answer:
Verified
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