Question
Shares of Modern Data are selling for $150 per share. There are three million shares outstanding. What will be the share price and the number
Shares of Modern Data are selling for $150 per share. There are three million shares outstanding. What will be the share price and the number of shares (respectively) if the company offers reverse stock splits of two-for-three? Ignore taxes.
- $100; 3,000,000.
- $225; 4,500,000.
- $100; 4,500,000.
- $100; 2,000,000.
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
