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Apple splits stock after 9-year gap

Shares rise 1.6% as firm aims to appear more affordable

Posted: June 10, 2014 at 2:39 a.m.

Apple Inc., which held its World Wide Developers Conference in San Francisco last week, split its stock Monday for the first time in nine years. The shares closed 1.6 percent higher, at $93.70.

Apple Inc.'s stock split Monday for the first time in nine years, a move designed to make it more affordable to buy shares of the maker of iPhones and iPads.

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