Question: Company A issues a 2-for-1 stock split. Prior to the split, the company had 50,000 shares of $1 par common stock outstanding, and its retained

Company A issues a 2-for-1 stock split. Prior to the split, the company had 50,000 shares of $1 par common stock outstanding, and its retained earnings were $200,000. Additionally, the firm's stock price was $10.50 at the time of the split. How will the split effect retained earnings?

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