Multiple Choice
Wisniewski Inventions has 560,000 shares of stock outstanding at a market price of $3.90. If the firm declares a 2-for-7 reverse stock split, the company will have ____ shares outstanding at a market price of:
A) 160,000; $1.11.
B) 160,000; $13.65.
C) 160,000; $27.30.
D) 1,960,000; $1.11.
E) 1,960,000; $13.65.
Correct Answer:
Verified
Correct Answer:
Verified
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