In 1925 International Business Machines Corp. offered its stockholders 10, 046 new shares at $100 v. the market price of $122.75. The company grew so fast that a stockholder who held on to a single 1925 share through IBM's many stock dividends and splits now would own about 65 shares worth $20,109. Last week, floating its first new stock issue in 32 years, IBM again gave stockholders a bargain. IBM offered 1,050,223 additional common shares to its 34,000 holders at the rate of one share for each ten held. Price: $220 a share...
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