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Edie's has 14,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.22 a share. The company
Edie's has 14,500 shares of stock outstanding with a par value of $1 per share and a market value of $7.22 a share. The company just announced a 1-for-3 reverse stock split. What will be the value of the common stock account after the split? a. $4833 b. $18,850 c. $43,500 d. $11,154 e. $14,500 |
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