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Question 12 (1 point) You hold 1,000 shares of ABC Company, with a total cost of $5,000. ABC declares a 1-for-4 share reverse split. Assuming
Question 12 (1 point) You hold 1,000 shares of ABC Company, with a total cost of $5,000. ABC declares a 1-for-4 share reverse split. Assuming you make no other transactions in this security, how many shares will you hold after the split, and what will be your total cost for those shares? 1) 250 shares at $5,000. O2) 250 shares at $1,250. 3) 4,000 shares at $20,000. 4) 4,000 shares at $5,000
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