Assume that you own 1 8 6 shares of General Dynamics Corp.General Dynamics Corp. ( GDGD )
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Question:
Assume that you own shares of General Dynamics Corp.General Dynamics Corp. GDGD selling at $ per share. In order to make the stock more affordable for the average investor, GDGDs management has decided to split the stock.
a How much was your investment worth prior to the split?
b Assuming GDGDs management decides to split the stock threeforone, how many shares would you own after the split?
c What would the new price per share be immediately after the split?
d How much would your investment be worth after the threeforone split?
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