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Stock split. If a company declares a 4 -for-3 stock split, the price before the...

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Stock split. If a company declares a 4 -for-3 stock split, the price before the split is $60, and the price after the split is $45, show that a current shareholder is no better off after the split. Current shareholders are no better off after the 4-for-3 split because if they owned three shares at $60 per share before the split, they would then own shares worth $45 each immediately after the split. (Select from the drop-down

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