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After taking a beating in the market, XYZ Inc. decides to execute a reverse stock split to keep from being delisted from the stock exchange.
After taking a beating in the market, XYZ Inc. decides to execute a reverse stock split to keep from being delisted from the stock exchange. If you buy 1000 shares of stock that is trading for $1.75 per share prior to the split and it splits 1-for-10 and pays a post-split dividend of $0.50/share a month later, what is the the holding period return for this stock if it closes at $19.46/share?
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