22. A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.120,000 shares. b.40,000 shares. c.160,000 shares. d.10,000 shares.

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Q: percentage method

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A: Lease Amount of Year 6 = a = $1596 millionTime = t = 6 YearsDiscount Rate = r = 6%

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