Ten years ago, Ivanhoe Ltd$.$ issued $510,400$ shares, which are still outstanding, for a total value of $\backslash (\backslash$$ $3\mathrm{.}27\backslash )$ million. The board of directors for Ivanhoe Ltd$.$ has become concerned with the dramatic drop in the market price of the shares to $\backslash (\backslash$$ $0\mathrm{.}40\backslash )$ per share. The company is at risk of being delisted if the share price drops below $\backslash (\backslash$$ $0\mathrm{.}35\backslash )$ per share.

$($a$)$

Your answer is correct.

What would be the required reverse stock split to move the market price to $\backslash (\backslash$$ $6\mathrm{.}40\backslash )$ per share?

Required reverse stock split for

eTextbook and Media

List of Accounts

Attempts: $2$ of $3$ used

$($b$)$

$*$ Your answer is incorrect.

What is the average issue price per share after your recommendation in part $($a$)?($Round answers to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

The average issue price per share