Question: In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split

In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $35 per share. How many of the old shares must be given up for one new share to achieve the $35 price, assuming this transaction has no effect on total market value?\ Select the correct answer.\ a. 70.00 \ b. 67.00 \ c. 73.00 \ d. 64.00 \ e. 61.00

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