Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share.The company has retained earnings of $76,500 and capital in excess of par of $340,000.The company just announced a 1-for-5 reverse stock split.What will be the par value per share after the split?
A) $.20
B) $.25
C) $2.50
D) $5.00
E) $10.00
Correct Answer:
Verified
Q78: DD&L has a market value equal to
Q79: Deep Water Drilling has 160,000 shares of
Q80: Jensen's has a market value equal to
Q81: Explain what a targeted repurchase is and
Q82: The Cameron Co.is paying a dividend of
Q83: It has been shown that in the
Q84: Bob's Auto Group has 25,000 shares of
Q85: Explain why an ex-dividend date is a
Q86: Explain the general characteristics of a tender
Q87: Explain why executives who hold stock options
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents