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Jim owns 5,000 shares of company A common stock, which are currently trading for $10.00 per share. The company has announced a 4-for-3 stock
Jim owns 5,000 shares of company A common stock, which are currently trading for $10.00 per share. The company has announced a 4-for-3 stock split. After the split, how many shares will Jim own, and how much will the shares be worth? Multiple Choice 5000 $50000 6667, $50000 6667, $37500 3750 $66667
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Intermediate Accounting
Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
8th edition
978-1259997525, 1259997529, 978-1259548185
