Correct Answer: 40 years.
Explanation:
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An analyst gathered the following information about a company: • 01/01/01 - 20,000 shares issued and outstanding at the beginning of the year • 04/01/01 - 5.0% stock dividend • 07/01/01 - 5,000 shares repurchased • 10/01/01 - 2:1 stock split What is the company’s weighted average number of shares outstanding at the end of 2001?
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