Question
A company's stock sells for $2.00 per share. The company wants to use a reverse split to get the price up to $22 per share.
A company's stock sells for $2.00 per share. The company wants to use a reverse split to get the price up to $22 per share. How many of the old shares must be given up for one new share to get to the $22 price? Assume this transaction has no effect on market value.
22.0
20.5
10.0
12.0
none of the above
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
