QUESTION

10. Ross-Jordan Financial has suffered losses in recent years, and its stock currently sells for only $0.50 per share

Category: Business
Subject: Finance
Due Date: 01/27/2016
Question Asked: 2016-01-27 18:19:53

$1.00

User: LightspeedLearning
Rating: No Rating (0)
Earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message

10. Ross-Jordan Financial has suffered losses in recent years, and its stock currently sells for

only $0.50 per share. Management wants to use a reverse split to get the price up to a more

"reasonable" level, which it thinks is $25 per share. How many of the old shares must be given

up for one new share to achieve the $25 price, assuming this transaction has no effect on total

market value?

A) 47.50

B) 50.00

C) 49.88

D) 55.13

E) 52.50

Join Us
Or

Purchase with additional $0.50
as a Guest

$ 1.00

This answer hasn't been purchased yet.
Posted on 2016-01-27 18:19:53

User: LightspeedLearning
Rating: No Rating (0)
earnings: $1.10
Questions: 369
Tutorials: 369
Send me a message

Preview:

...ks is $25 per share. How many of the old shares must be given up for one new share to a...

The full tutorial is about 78 words long.