Suppose you own 5% of Coastal Corporation's 300,000 outstanding common shares. The stock was trading...
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Suppose you own 5% of Coastal Corporation's 300,000 outstanding common shares. The stock was trading for $165 per share before Coastal executives announced a 3-for-2 stock split. After the split, you will own shares worth per share. 10,000: $165 O 30,000 $90 22.500, $110 15,000, 5165 15,000 $110
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