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Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $ 3 per share. It
Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $ per share. It is going to employ a oneforsix reverse stock split to increase the stock value. Assume Dean Smith owns shares.
How many shares will he own after the reverse stock split?
Note: Do not round intermediate calculations and round your answer to the nearest whole number.
What is the anticipated price of the stock after the reverse stock split?
Note: Do not round intermediate calculations and round your answer to decimal places.
Because investors often have a negative reaction to a reverse stock split, assume the stock only goes up to percent of the value computed in part b What will the stocks price be
Note: Do not round intermediate calculations and round your answer to decimal places.
How has the total value of Dean Smiths 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.
Note: Input the amount as a positive value. Do not round intermediate calculations and round your answer to decimal places.b What is the anticipated price of the stock after the reverse stock split?
Note: Do not round intermediate calculations and round your answer to decimal
places.
Anticipated stock price
c Because investors often have a negative reaction to a reverse stock split, assume the
stock only goes up to percent of the value computed in part What will the stock's
price be
Note: Do not round intermediate calculations and round your answer to decimal
places.
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.
Note: Input the amount as a positive value. Do not round intermediate calculations
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