Question: Dipsy Corp. recently completed a 2-for-1 stock split.Before the split, the company had10,000,000 shares outstanding and its stock price was P150 per share.After the split,

Dipsy Corp. recently completed a 2-for-1 stock split.Before the split, the company had10,000,000 shares outstanding and its stock price was P150 per share.After the split, the total market value of the company's stock equaled P1.5 billion.The total share capital balance of Dipsy Corp. is P350,000,000.

1.What was the price of the company's stock following the stock split?

2.Determine the new par value of each shares.

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