Business

24 January, 12:55

Before a three-for-one stock split, the shares outstanding were 5,000 shares at $12 par. After the split, what was the par and number of shares?

A. 5,000 shares at $48 per share

B. 15,000 shares at $12 per share

C. 20,000 shares at $6 per share

D. 15,000 shares at $4 per share

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