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XYZ has 418,146 shares of common stock outstanding, a P/E ratio of 8, and $521,970 in net income. The board of directors has just voted
XYZ has 418,146 shares of common stock outstanding, a P/E ratio of 8, and $521,970 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 299 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. Stock dividends may increase the value of the firm due to information content. decrease the common stock account by the amount of the split. decrease the number of shares outstanding. increase the number of shares outstanding. are preferred by investors who desire capital gains
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