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What does the 3-for-2 stock split mean?

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What does the 3-for-2 stock split mean?

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In a 3-for-2 stock split, one additional share is issued for every two shares held. If you held 100 shares before the stock split, you will now have 150 shares (i.e. multiply the number of shares by 1.5 for the new total).

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