Question: What will be the effect of a reverse stock split on the carrying value of an investment when the investment is carried at fair value?

What will be the effect of a reverse stock split on the carrying value of an investment when the investment is carried at fair value?
Increase or decrease in carrying value depending on the market price
No effect on carrying value
Decrease in carrying value
Increase in carrying value
What will be the effect of a reverse stock split on

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