Ten years ago, Wildhorse Ltd$.$ issued $516,800$ shares, which are still outstanding, for a total value of $$2\mathrm{.}95$ million. The board of

directors for Wildhorse Ltd$.$ has become concerned with the dramatic drop in the market price of the shares to $$0\mathrm{.}30$ per share. The

company is at risk of being delisted if the share price drops below $$0\mathrm{.}25$ per share.

$($a$)$

Your answer is correct.

What would be the required reverse stock split to move the market price to $$5\mathrm{.}70$ per share?

Required reverse stock split

for

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List of Accounts

Attempts: $2$ of $3$ used

$($b$)$

What is the average issue price per share after your recommendation in part $($a$)?($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The average issue price per share

$