Shining Star Corporation has 26,000 shares of stock outstanding. The current market value of the firm is $778,000. The company has retained earnings of $410,000, capital in excess of par value of $230,000, , and a common stock account value of $26,000. The company is planning a reverse stock split of two-for-three. 

What will be the par value per share after the split?

Answer rating: 100% (QA)

To determine the par value per share after the reverse stock split we need to calculate ... View the full answer