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On Friday, the Gorgan Cosmetics Inc. traded for $0.55 per share and had 100M shares outstanding. It announces that it will execute a reverse-split on
On Friday, the Gorgan Cosmetics Inc. traded for $0.55 per share and had 100M shares outstanding. It announces that it will execute a reverse-split on a 1- for-5 basis. What price will the stock trade for after the split? Round your answer to the nearest cent
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
