Question
Currently, a company has 12,000,000 shares outstanding that sell for $60 per share. Assume there are no market imperfections or tax effects. If the company
Currently, a company has 12,000,000 shares outstanding that sell for $60 per share. Assume there are no market imperfections or tax effects. If the company has a 3-for-4 reverse stock split, what will be the price per share after the split?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
