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At the End of the Trading Day on June 5,Traders,Inc

Question 25

Essay

At the end of the trading day on June 5,Traders,Inc.announced that its CEO had a heart attack.This news caused the stock to drop to $48.62,a drop 6.75%.If Steve had 1,000 shares of Traders,Inc. ,in his portfolio,what was the value of his portfolio before the announcement?

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