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The Warehouse currently has 525,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $19 a share.
The Warehouse currently has 525,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $19 a share. The company has announced a 3-for-4 reverse stock split. After the split, there will be _____ shares outstanding at a market price of _____ per share. Group of answer choices a. 393,750; $14.25 d. 700,000; $14.25 b. 393,750; $25.33 c. 525,000; $19.00
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