Question
LTE stock sells for $28.47 per share and there are 410,000 shares outstanding. The company plans a 5-for-2 reverse stock split. Assuming no market imperfections
LTE stock sells for $28.47 per share and there are 410,000 shares outstanding. The company plans a 5-for-2 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?
Multiple Choice
$71.18
$63.27
$9.49
$85.41
$11.39
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Stocks And Forex Trading How To Win
Authors: Daryl Guppy ,karen Wong
1st Edition
9811237646, 978-9811237645
