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5 Donald owns 500 shares of XYZ, Inc., which is priced at $13.45 per share. The company plans a 1-for-3 reverse stock split. How many
5 Donald owns 500 shares of XYZ, Inc., which is priced at $13.45 per share. The company plans a 1-for-3 reverse stock split. How many shares will Donald own and what will the share price be after the reverse stock split? Multiple Choice 1,500; $4.48 167; $4.48 167; $40.35 1,500; $40.35 167; $13.45
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