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In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split
In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $50 per share. How many of the old shares must be given up for one new share to achieve the $50 price, assuming this transaction has no effect on total market value? Select the correct answer. Oa. 100.00 b. 98.00 O c. 94.00 O d. 102.00 e. 96.00 K
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