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In June 2014, Apple went through a 7-for-1 stock split. Immediately after the stock split,...

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Finance

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In June 2014, Apple went through a 7-for-1 stock split. Immediately after the stock split, Apple's stock price fell from $645 per share to $94 per share. Did Apple directly pay its shareholders any cash in that event? By what percentage does the market value of Apple's common stock increase? Why is stock split an effective way for Apple to reward common stock shareholders

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