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Q. On September 10, 2010, South East announced a 4 for 1 stock split. After the split, the company will have about 26.6 million shares

Q. On September 10, 2010, South East announced a 4 for 1 stock split. After the split, the company will have about 26.6 million shares outstanding. Shares traded for about $412 a share the day the split was announced.

a. What is a 4 for 1 stock split?

b. Why do companies like South East split their stock?

c. How many shares were outstanding when the stock split was announced?

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