Question
Timothy owns 500 shares of Countess Corp., which is priced at $13.45 per share. The company plans a 1-for-3 reverse stock split. How many shares
Timothy owns 500 shares of Countess Corp., which is priced at $13.45 per share. The company plans a 1-for-3 reverse stock split. How many shares will Timothy own and what will the share price be after the reverse stock split?
1,500; $40.35
167; $13.45
1,500; $4.48
167; $4.48
167; $40.35
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Stock Market Investing For Beginners
Authors: Andrew P.C.
1st Edition
1549522132, 978-1549522130
