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17) Stephen & John Inc. has 72,000 shares of stock outstanding with a par value of $1 per share and a market value of $21.43
17) Stephen & John Inc. has 72,000 shares of stock outstanding with a par value of $1 per share and a market value of $21.43 a share. The company just announced a 2-for-5 reverse stock split. Currently, you own 820 shares of this stock. How many shares will you own after the reverse stock split?
A) 2,050 shares
B) 368 shares
C) 520 shares
D) 480 shares
E) 328 shares
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