Auto Supply has 54,200 shares of stock outstanding with a par value of $1.00 per share and a market value of $ 6.20 a share. The company just announced a two-for-nine reverse stock split. What will be the par value per share after the split? Multiple Choice $ .22 $ 2.50 $ 4.50

Auto Supply has 54,200 shares of stock outstanding with a par value of $1.00 per share and a market value of $ 6.20 a share. The company just announced a two-for-nine reverse stock split. What will be the par value per share after the split? Multiple Choice $ .22 $ 2.50 $ 4.50

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter15: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 7P: Stock Split Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS...

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Multiple Choice

$ .22

$ 2.50

$ 4.50

$ .44

$ 1.00

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