The Green Florist has 28,000 shares of stock outstanding with a par value of $1 per share and a market value of $7 a share.The company just announced a 2-for-5 reverse stock split.Currently,you own 300 shares of this stock.How many shares will you own after the reverse stock split?
A) 60 shares
B) 120 shares
C) 480 shares
D) 600 shares
E) 750 shares
Correct Answer:
Verified
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