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Question: Fabric Outlet has 17, 500 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $1, 280,000. The balance sheet shows a balance of $142,000 in the capital in excess of par value account and retained earnings of $234,000. The company just announced a 5-for-3 stock split. What will be the market price per share after the split?

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Category:- Basic Finance
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