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Author Question: GloboChem has 1,000 shares outstanding. It has announced a 1-for-5 split. How many shares will be ... (Read 77 times)

michelleunicorn

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on: Apr 25, 2021

Question 1

Central Perk Coffee Co. trades for $0.85 per share and had 100M shares outstanding. It announces that it will execute a reverse-split on a 1-for-4 basis. What price will the stock trade for after the split?
◦ $0.15
◦ $0.85
◦ $1.06
◦ $2.40
◦ $3.40

Question 2

GloboChem has 1,000 shares outstanding. It has announced a 1-for-5 split. How many shares will be outstanding after the split?
◦ 200
◦ 1,000
◦ 2,000
◦ 5,000
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Marked as best answer by michelleunicorn on Apr 25, 2021

raili21

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Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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michelleunicorn

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Reply 2 on: Apr 25, 2021
Excellent

rleezy04

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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