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Business, 23.08.2021 18:50 leeahnnfoster

Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split. Required:
(a) What will be the number of shares outstanding after the split?
(b) If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?

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