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XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8 , and $500,000 in net income. The board of directors has just

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XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8 , and $500,000 in net income. The board of directors has just voted in favor of a 3-for-2 stock split: You owned 100 shares before the stock split. What will be the total value of your investment after the split? $2,500 $3,000 $2,000 $1,500 $1,000

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