Question
Donald owns 90,000 shares of XYZ, Inc., which is priced at $1.00 per share. The company plans a 10-for-75,000 reverse stock split. How many shares
Donald owns 90,000 shares of XYZ, Inc., which is priced at $1.00 per share. The company plans a 10-for-75,000 reverse stock split. How many shares will Donald own and what will the share price be after the reverse stock split?
A: 172,299; $161,400.00
B:45,300; $183,000.00
C: 90,000; $142,500.00
D. 12; $0.12
E: 10,800; $9.00
I only need the answer do not need the calculation process.
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The Finance Book
Authors: Stuart Warner, Si Hussain
1st Edition
1292123648, 978-1292123646
