Assume that you own 1000 shares of Microsoft stock. If Microsoft performs a 3 for 1 stock

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Assume that you own 1000 shares of Microsoft stock. If Microsoft performs a 3 for 1 stock split, how will this affect your number of shares in the company and your wealth in the company?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Jul 26, 2013 06:52 AM

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Assume that you own 1000 shares of Microsoft stock. If Microsoft performs a 3 for 1 stock

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Meaning of stock split Stock split essentially means splitting of shares or dividing the shares usua...View the full answer

Foundations of Financial Management

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