Question
A company has just implemented a 1-for-10 reverse stock split. The stock responded positively to the news on the first day and its stock price
A company has just implemented a 1-for-10 reverse stock split. The stock responded positively to the news on the first day and its stock price increase 10% to $11 at the close. What's the original price before the reverse stock split?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
18th Edition
126409762X, 9781264097623
