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A company has 10,000,000 shares outstanding and a share price of $8.00 per share It then does a reverse stock split by combining 5 old
A company has 10,000,000 shares outstanding and a share price of $8.00 per share | |||||||
It then does a reverse stock split by combining 5 old shares into 1 new share after the reverse stock split | |||||||
After the reverse stock split, it then does a regular stock split and spits its shares into 2 new shares per 1 share. | |||||||
What is the new number of shares outstanding and the new price per share after both of those actions? |
A. 2,000,000 shares at $40.00 per share
B. 100,000,000 shares at $0.80 per share
C. 4,000,000 shares at $20.00 per share
D. 2,500,000 shares at $32.00 per share
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