Central Perk Coffee Co. trades for $0.85 per share and had 100M shares
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?
A) $0.15
B) $0.85
C) $1.06
D) $2.40
E) $3.40
ANSWER
E
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.