Multiple Choice
Bob's Auto Group has 25,000 shares of stock outstanding at a market price of $4.50 a share.What will be the market price per share if the company does a 1-for-5 reverse stock split?
A) $.90
B) $1.20
C) $22.50
D) $27.00
E) $29.50
Correct Answer:
Verified
Correct Answer:
Verified
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