Question 18 1 pts XYZ has 406,823 shares of common stock outstanding, a P/E ratio of 8, and $542,062 in net income. The
Posted: Thu Apr 28, 2022 2:03 pm
Question 18 1 pts XYZ has 406,823 shares of common stock outstanding, a P/E ratio of 8, and $542,062 in net income. The board of directors has just voted in favor of a 4-for-1 stock split. You owned 270 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