Davis Corporation had 25,000 shares of $10 par value common stock outstanding and declared a two-for-one stock split. How many shares of stock would then be outstanding and what would be the par value of the new stock?

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The Answer of Davis Corporation had 25,000 shares of $10 par value common stock outstanding and declared a two-for-one stock split. How many shares of stock would then be outstanding and what would be the par value of the new stock?

Davis Corporation Had 25,000 Shares of $10 Par Value Common