ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, The total value of shares = $15,000 x 20 = $300,000 Since the stock split is 4-for-1, the number of shares would be = 15000 x 4 = 60,000 shares Therefore the total value of shares divided by the number of shares will give us the par value of the shares: 300,000 / 60,000 = $5