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you own 20 percent of rainy corporation, which recently sold for $86 million before a planned 2-for-one stock split announcement. before the split, there are

you own 20 percent of rainy corporation, which recently sold for $86 million before a planned 2-for-one stock split announcement. before the split, there are 80,000 shares of common stock outstanding. a. what is your financial position before the split and what would be after the stock split? (assuming the stock falls proportionately.) b. your stockbroker believes the market would react positively to the split and that the price falls only 45 percent after the split. if she is correct, what will be your net gain?

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