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You own 40,000 shares of stock of a company, representing 6 percent ownership. The company plans...

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Finance

You own 40,000 shares of stock of a company,representing 6 percent ownership. The company plans a 3-for-2 stocksplit. After the split, How many shares would you own? Whatpercentage of the company would you own?

Answer & Explanation Solved by verified expert
4.1 Ratings (893 Votes)
3 for 2 stock split means that every shareholder who has earlier2 share    See Answer
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