On December 14, XTO Energy, Inc. executed a 5-for-4 split. At that time, Bill owned 325 shares

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On December 14, XTO Energy, Inc. executed a 5-for-4 split. At that time, Bill owned 325 shares of that stock. The price per share was $65.80. After the split he received a check for a fractional part of a share. What was the amount of that check?

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Question Posted: Apr 14, 2016 04:35 AM

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On December 14, XTO Energy, Inc. executed a 5-for-4 split. At that time, Bill owned 325 shares

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Postsplit shares 5 4 325 40625 ...View the full answer

Financial Algebra advanced algebra with financial applications

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