average issue price

Ten years ago, Wildhorse Ltd. issued 660,000 shares, which are still outstanding, for a total value of $5.08 million. The board of directors for Wildhorse Ltd. has become concerned with the dramatic drop in the market price of the shares to $0.35 per share. The company is at risk of being delisted if the share price drops below $0.30 per share. (a) Your answer is correct. What would be the required reverse stock split to move the market price to $7.70 per share? Required reverse stock split for eTextbook and Media List of Accounts Attempts: 1 of 2 used (b) Your answer is incorrect. What is the average issue price per share after your recommendation in part (a)? (Round answers to 2 decimal places, e.g. 15.25.) The average issue price per share $