Question
A company has common stock trading at $2 per share. The company is thinking about a 1-for-5 reverse stock split. Assuming the stock split
A company has common stock trading at $2 per share. The company is thinking about a 1-for-5 reverse stock split. Assuming the stock split will have no effect on the total market value of its equity, what will be the company's stock price following the stock split?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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