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How many shares of stock will be outstanding and what will

Jayne Corporation has 10,000 shares of $15 par value common stock outstanding when it announces a 3-for-1 split. Before the split, the stock had a market price of $120 per share. After the split, how many shares of stock will be outstanding, and what will be the approximate market price per share?

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Accounting Basics: How many shares of stock will be outstanding and what will

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