Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be: Par ValueNo. of SharesMarket ValueA.$6.00 16,000 $12.50 B.$6.00 8,000 $25.00 C.$3.00 16,000 $12.50 D.$3.00 16,000 $25.00
A. Option A
B. Option B
C. Option C
D. Option D
Answer: C
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