An investor owns some stock in Harry's Pottery Inc. The stock recently underwent a 5-for-3 stock split.

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An investor owns some stock in Harry's Pottery Inc. The stock recently underwent a 5-for-3 stock split. If the stock was trading at $40 per share just before the split, how much is each share most likely selling for after the split? If the investor owned 200 shares of the stock before the split, how many shares would she own afterward?

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Using the approach noted in the chapter we have 4053 24 If an invest...View the full answer

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