Question: Help Problem 18-20 Reverse stock split [LO18-4) Worst Buy Company has had a lot of complaints from customers of late, and its stock price is

 Help Problem 18-20 Reverse stock split [LO18-4) Worst Buy Company has
had a lot of complaints from customers of late, and its stock

Help Problem 18-20 Reverse stock split [LO18-4) Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $3 per share. It is going to employ a one-for-six reverse stock split to increase the stock value. Assume Dean Smith owns 72 shares a. How many shares will he own after the reverse stock splik? (Do not round intermediate calculations and round your answer to the nearest whole number) Number of shares b. What is the anticipated price of the stock after the reverse stock split? (Do not round Intermediate calculations and round your answer to 2 decimal places.) Anticipated stock price c. Because Investors often have a negative reaction to a reverse stock split, assume the stock only goes up to 90 percent of the value computed in part b. What will the stock's price be? (Do not round intermediate calculations and round your answer to 2 decimal places.) Stock price d. How has the total value of Bean Smith's holdings changed from before the reverse stock split to after the reverse stock spit (ased on the stock value computed in part ? To get the total value before and after the split multiply the shares held times the stock price (input the amount as a positive value. Do not round Intermediate calculations and round your answer to 2 decimal places.) Dean Smith's holdings

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