2024 – John s has common stock outstanding at a price of 27 a share The total market value
John’s Total Market Value Of The Equity – 2024
John’s has common stock outstanding at a price of $27 a share. The total market value of the equity is $435,000. How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split? a) 40,278 shares b) 36,000 shares c) 6,444 shares d) 7,500 shares e) 16,500 shares
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