The following information applies to questions 4 and 5.
Jones Corporation issued 5,000 shares of stock on 01 Mar 2011 at a price of $25 per share. On 01 Oct 2011, the market value of the stock was $80 per share. The Board of Directors for Jones Corporation decides to issue a 2-1 stock split.
4. After the stock split, what is the market price of the stock (per share) for the Jones Corporation
5. After the stock split, what are the total number of shares outstanding for the Jones Corporation
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