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Worst Buy Company has had a lot of complaints from customers of late, and its stock price stock value. Assume Dean Smith owns 120 shares.
Worst Buy Company has had a lot of complaints from customers of late, and its stock price stock value. Assume Dean Smith owns 120 shares. now only $3 per share. It is going to employ a one-for-six reverse stock split to increase the a. How many shares will he own after the reverse stock split? (Do not round intermediate calculations and round your answer to the nearest whole number.) Number of shares b. What is the anticipated price of the stock after the reverse stock split? (Do not round intermediate calcu lations and round your answer to 2 decimal places.) Anticipated stock price c. Because investors often have a negative reaction to a revere stock split, assume the stock only goes up to 90 percent not round intermediate calculations and round your answer to 2 decimal places.) the value computed in part b. What will the stock's price be? (Do Stock price d. How has the total value of Dean Smith's holdings changed from before the reverse stock split to after the reverse stock split (based on the stock value computed in part c)? To get the total value before and after the split, multiply the shares held times the stock price. (Input the amount as a positive value. Do not round intermediate calculations and round your answer to decimal places.) Dean Smith's holdings decreased by
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