Question
An investor owns 5,000 shares in a company at a current market price of $8 per share. The company subsequently declared a 2-for-1 stock split.
An investor owns 5,000 shares in a company at a current market price of $8 per share. The company subsequently declared a 2-for-1 stock split. Calculate the dollar value of the investor's shares after the split.
a.$10,000
b.$80,000
c.$160,000
d.$40,000
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Calculus Early Transcendentals
Authors: James Stewart
7th edition
538497904, 978-0538497909
