Question
Auto Supply has 54,200 shares of stock outstanding with a par value of $1.00 per share and a market value of $ 6.20 a share.
Auto Supply has 54,200 shares of stock outstanding with a par value of $1.00 per share and a market value of $ 6.20 a share. The company just announced a two-for-nine reverse stock split. What will be the par value per share after the split?
Multiple Choice
$ .22
$ 2.50
$ 4.50
$ .44
$ 1.00
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
