A corporation is listed on the New York Stock Exchange. Unfortunately, it has seen hard times, and its stock price has dropped to $0.75 per share. Unless its stock trades at above $1.00, it may be delisted by the exchange. The corporation engages in a 1-for-7 reverse stock split. Assuming the effects of no other factors, what should be the post-split stock price?

Answer rating: 100% (QA)

Okay lets work through this stepbystep The original stock p... View the full answer