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Philip Fisher owns 100 shares of Abbott Labs (ABT) when he reads the news about a 2-for-1 stock split that has been declared and is payable next week. To receive the additional 100 shares Philip must do which of the following?
Existing stockholders need not do anything to receive their additional shares. The investor just sits tight with his original 100-shares, and the issuer sends him an additional 100.
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Philip Fisher owns 100 shares of Abbott Labs (ABT) when he reads the news about a 2-for-1 stock split that has been declared and is payable next week. To receive the additional 100 shares Philip must do which of the following?
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