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A Common Stock Is Selling for $63 a Share

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A common stock is selling for $63 a share.The par value per share is $1 and the total market value of the firm is $94,500.How many shares of stock will be outstanding if the firm does a 3-for-1 stock split?


Definitions:

Private

Pertaining to or owned by an individual or entity not affiliated with the government or public sectors.

Common

Referring to something usual, shared, or widespread; often contrasted with what is unique or uncommon.

Strong Cultures

Corporate or organizational cultures that are highly cohesive, with shared values and norms guiding employee behavior and contributing positively to the organization's performance.

Flexible

Capable of adapting to changes and varying circumstances without significant difficulty, often considered an advantageous trait in individuals and organizations.

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