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XYZ Company had 400,000 shares of $2 par value common stock authorized. As of December 31, 2010, there were 2000 shares issued and outstanding. The
XYZ Company had 400,000 shares of $2 par value common stock authorized. As of December 31, 2010, there were 2000 shares issued and outstanding. The market value of XYZ's common stock on December 31, 2010 was $100 per share. The Board of Directors declared a five to four stock split on January 5, 2011 (which is a 25% increase in the number of shares).
If you have 100 shares of XYZ's common stock, how many shares will you have after the stock split?
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