On May 1, 2010, Bryson Corporation had 200,000 shares of $100 par value common stock outstanding with a market value of $160 per share. On May 2, 2010, Bryson announced a 4-for-1 stock split. After the split, the par value of the stock
A) remained the same as before the split.
B) was reduced to $25 per share.
C) was reduced by $40 per share.
D) was reduced by $25 per share.
Correct Answer:
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