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XYZ has 424,370 shares of common stock outstanding, a P/E ratio of 9, and $542,083 in net income. The board of directors has just voted
XYZ has 424,370 shares of common stock outstanding, a P/E ratio of 9, and $542,083 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 270 shares before the stock split. What will be the total value of your investment after the split?
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