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Meenen corporation has 30000 shares of 10 par value common

1. Meenen Corporation has 30,000 shares of $10 par value common stock outstanding when it announces a 2-for-1 stock 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? What will be the approximate market price per share?

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Accounting Basics: Meenen corporation has 30000 shares of 10 par value common

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