XYZ has 424,318 shares of common stock outstanding, a P/E ratio of 9, and $533,904 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 264 shares before the stock split. What will be the total value of your investment after the split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER IT AS 1701.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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am. 127.

XYZ has 424,318 shares of common stock outstanding, a P/E ratio of 9, and $533,904 in
net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned
264 shares before the stock split. What will be the total value of your investment after the
split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST
WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER
IT AS 1701.
Transcribed Image Text:XYZ has 424,318 shares of common stock outstanding, a P/E ratio of 9, and $533,904 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 264 shares before the stock split. What will be the total value of your investment after the split? SET YOUR CALCULATOR TO 4 DECIMAL PLACES. ROUND TO THE NEAREST WHOLE NUMBER AT THE END. FOR EXAMPLE, IF YOUR ANSWER IS 1700.5567, ENTER IT AS 1701.
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