Paiva Corporation splits its common stock 2 for 1, when the market value is $80 per share. Prior to the split, Paiva had 100,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock a. is reduced to $5 per sthare. b. is reduced to $2 per share c. is reduced to $20 per share d. remans the same
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