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P17-15 Southwest Tires declares a 7-for-3 stock split. The current price is $50 per share,...

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Finance

P17-15 Southwest Tires declares a 7-for-3 stock split. The current price is $50 per share, and you own 600 shares. What is the expected share price after the split? What is your wealth before the split? After?

What is your wealth before the split?

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