National Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of National Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? a. 15.00 b. 7.50 c. 15.82 d. 31.63

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