John's has common stock outstanding at a price of $27 a share.The total market value of the equity is $435,000.How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split?
A) 40,278 shares
B) 36,000 shares
C) 6,444 shares
D) 7,500 shares
E) 16,500 shares
Correct Answer:
Verified
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