Gene owns 1,200 shares of XYX Corporation. The company instituted a 1-for-10 reverse stock split on November
Question:
a. How many shares did Gene hold after the split?
b. What was the post-split price per share?
c. Show that the split was a monetary non-event for Gene.
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Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Question Posted:
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