Personal Finance (8th Edition) (What's New in Finance)
Personal Finance (8th Edition) (What's New in Finance)
8th Edition
ISBN: 9780134730363
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 12, Problem 1DC2
Summary Introduction

To determine:

Number of shares owned by P and J after two-for-one split, market value of the stock after two-for-one split, effect of split on the value of their holdings and stock split makes stocks a real money maker.

Introduction:

Stock Split is the breakdown of shares of a company which increases the number of shares available to trade in market without affecting the market value or market capitalization of company.

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