Question
John's has common stock outstanding at a price of $27 a share. The total market value of the equity is $435,000. How many shares of
John's has common stock outstanding at a price of $27 a share. The total market value of the equity is $435,000. How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split?
40,278 shares
36,000 shares
6,444 shares
7,500 shares
16,500 shares
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An Introduction To Personal Finance
Authors: Anne Marie Ward
2nd Edition
1907214267, 978-1907214264
