question 25

Lexington has 424,610 shares of common stock outstanding, a P/E ratio of 9, and $536,916 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 245 shares before the stock split. What will be the total value of your investment after the split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER IT AS 1701