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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 33 times)

michelleunicorn

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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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michelleunicorn

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Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review


coreycathey

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Reply 3 on: Yesterday
Wow, this really help

 

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