Question
Oak tree farms has common stock outstanding at a price of $13 a share. the total market value of the equity is $435,000. How many
Oak tree farms has common stock outstanding at a price of $13 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 reverse stock split of 2- for- 5?
83654 shares
37500
9602
36000
13385 shares
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
