Question: In 2 0 2 2 , TheMaven Inc. ( which owns and / or operates media properties like TheStreet.com and Sports Illustrated ) changed its

In 2022, TheMaven Inc. (which owns and/or operates media properties like TheStreet.com and Sports Illustrated) changed its name to The Arena Group Holdings and announced a 1-for-21 reverse stock split. Its stock price was approximately $0.49 per share when the announcement was made.
If an investor had 5,460 shares before the split, how many shares will the investor have after the split? Round your answer to the nearest whole number.
shares post-split
If the stock is trading for $0.43 immediately prior to the split, what is the expected price immediately after the split? Round your answer to the nearest cent.
$
If the stock opens at $0.46 and closes at $9.75 per share on the day of the split, what is the one-day return on the stock? Round your answer to two decimal places.
%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!