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Netflix (NFLX) declares a 7-for-1 stock split. How many additional shares are issued to an investor who owns 200 shares?
Multiplying 7/1 by 200 shares yields 1,400, the total number of shares. To calculate how many additional shares are received, subtract 200 from the total of 1,400, for 1,200 additional shares.
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Netflix (NFLX) declares a 7-for-1 stock split. How many additional shares are issued to an investor who owns 200 shares?
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