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Assume that an investor owns 1,700 shares of $10 par value common stock and the company has a 5 -for-1 stock split when the market

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Assume that an investor owns 1,700 shares of $10 par value common stock and the company has a 5 -for-1 stock split when the market price per share is $42.50. Required: a. How many shares of common stock will the investor own after the stock split? b. What will probably happen to the market price per share of the stock? Note: Round your answer to 2 decimal places

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