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XYZ, Corp. had a recent stock split of seven-to-one. Before the split, there were 10,000 shares outstanding and each stock traded at a price of

XYZ, Corp. had a recent stock split of seven-to-one. Before the split, there were 10,000 shares outstanding and each stock traded at a price of $30. Calculate the new value of each stock after the split, as well as the new number of shares outstanding and shareholders’s wealth both before and after the split.

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