Question
The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is
The Retail Outlet has 6,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $120,000. The company just announced a one-for-three reverse stock split. What will the par value per share be after the split?
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Entrepreneurial Finance Strategy, Valuation, And Deal Structure
Authors: Janet Smith, Richard Smith, Richard Bliss
1st Edition
0804770913, 9780804770910
