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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.88+1.2%Dec 8 3:59 PM EST
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To: saief who wrote (16146)8/19/1998 3:08:00 PM
From: Uncle Frank   of 77400
 
If you buy 500 shares of csco today, when the stock splits (3 for 2 on 9/15), you will have 750 shares. If the stock closes at $120 the day before the split, it will open at $80 on the day of the split. The value of your holdings will not change due the split itself. The math is:

Before Split: 500 Shares @ $120 = $60,000
After Split: 750 shares @ $ 80 = $60,000

Hope this helps,
Frank
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