Question: Troy's Toys has decided on a 1-for-8 REVERSE stock split. If the firm currently has 2,400,000 shares outstanding at a price of $8.00, how many

Troy's Toys has decided on a 1-for-8 REVERSE stock split. If the firm currently has 2,400,000 shares outstanding at a price of $8.00, how many shares will be outstanding after the stock split? 300,000 shares 19,200,000 shares 100,000 shares 1,920,000 shares

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