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My friend tom believes that every time lowes splits its

My friend Tom believes that every time Lowes' splits its stock his wealth is enhanced. Tom believes this because Lowes splits its stock 2 for 1 every time it reaches $65 per share. Because of theses splits Tom now owns over 4,000 shares of Lowes' stock worth $260,000. Is Tom's belief correct? (Defend your response)

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