Question: I need help on this question 3 5 points eBook Hint Ask Print References Mc The market value of Yeates Corporation's common stock had become

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3 5 points eBook Hint Ask Print References Mc The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $280 per share. To reduce the market price of the common stock, Yeates declared a 4-for-1 stock split for the 240,000 outstanding shares of its $12 par value common stock. Required b. Determine the number of common shares outstanding and the par value-after the split. (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per share after the split Prav Next > Check

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