Solved

Taylor's,Inc

Question 79

Multiple Choice

Taylor's,Inc.stock has plummeted in value and is currently priced at $4 a share.The exchange on which the stock trades requires that the minimum stock price be $10 a share.Taylor's has decided to do a reverse stock split to avoid delisting.However,when it does this,the firm wants the stock price increased to at least twice the minimum exchange required price.Which one of the following stock split ratios is most appropriate for this situation?


A) 1-for-3
B) 1-for-5
C) 2-for-9
D) 3-for-1
E) 5-for-1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents