What is the new share price for a corporation with a current share price of $4 that employs a 1-for-10 reverse split?
A) $0.40
B) $4.00
C) $36.36
D) $40.00

Name: What is the new share price for a corporation with a current share price of $4 that employs a 1-for-10 reverse split? A) $0.40 B) $4.00 C) $36.36 D) $40.00
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Quizplus · Accepted Answer

In a 1-for-10 reverse split, every 10 shares are consolidated into 1 share. Therefore, the new share price is 10 times the current price: $4 x 10 = $40.00.

What Is the New Share Price for a Corporation with a Current