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 $24 per share. 

How many of the old shares must be given up for one new share to achieve the $24 price, assuming this transaction has no effect on total market value?

Answer rating: 100% (QA)

To achieve a 24 per share price the number of old shares tha... View the full answer