Gene owns 1,200 shares of XYX Corporation. The company instituted a 1-for-10 reverse stock split on November

Question:

Gene owns 1,200 shares of XYX Corporation. The company instituted a 1-for-10 reverse stock split on November 7. The pre-split market price per share was $1.20.
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.