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Tamara owns 595 shares of stock in a home appliance company. The value of the stocks...

Tamara owns 595 shares of stock in a home appliance company. The value of the stocks is $12.75 per share. The company offers a 5:1 stock split.

How many shares does Tamara own of the company after the stock split?

Write your answer as a number, such as: 320

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Expert Solution

Tamara own 595 shares

company offers 5:1 stock split.

It means that for every 1 stock hold, company will provide 4 more shares to the investor.

So, after stock split, stock hold with tamara = 5*595 = 2975 shares.

jeff jeffy answered 3 years ago
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