Suppose that I paid $2,000 for 100 shares of Enlighten Software Solutions on April 4, 1999. Today,

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Suppose that I paid $2,000 for 100 shares of Enlighten Software Solutions on April 4, 1999. Today, the company is worth only 15 cents per share. Suppose that in order to be listed on a particular exchange, it must be priced at $1.50 (or above).

a. What sort of corporate reorganization can the firm conduct to achieve the minimum listing price, holding all else constant?

b. If the firm takes your advice in part (a), how many shares would I own?

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ISBN: 9780136015314

4th edition

Authors: Barbara H. Karlin

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Posted Date: Sep 17, 2020 09:45 PM

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Suppose that I paid $2,000 for 100 shares of Enlighten Software Solutions on April 4, 1999. Today,

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a Current value per share 15 cents 015 Minimum value per share needed for listing Desired price 150 ... View the full answer

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