XYZ has 424,318 shares of common stock outstanding, a P/E ratio of 9, and $533,904 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 264 shares before the stock split. What will be the total value of your investment after the split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER IT AS 1701.

XYZ has 424,318 shares of common stock outstanding, a P/E ratio of 9, and $533,904 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 264 shares before the stock split. What will be the total value of your investment after the split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER IT AS 1701.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 9MC

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