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Jean-Paul has invested in 1,000 shares of the H.A.L. Computer Corporation. The shares were selling at $60 each when the company announced a 3-for-1 stock
Jean-Paul has invested in 1,000 shares of the H.A.L. Computer Corporation. The shares were selling at $60 each when the company announced a 3-for-1 stock split. What is the value of Jean-Paul's investment immediately following the stock split? a) $ 20,000 b) $ 60,000 c) $120,000 d) $180,000
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