Versant Corporation executed a 1-for-10 reverse split on August 22. At the time, the corporation had 35,608,800

Question:

Versant executed a 1-for-10 reverse split on August 22. At the time, the had 35,608,800 shares outstanding and the pre-split price per share was $0.41.
a. How many shares were outstanding after the split?
b. What was the post-price per share after the split?
c. Show that this split was a monetary non-event for the Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...