Business, 20.02.2020 21:00 Jsquad8879

Ross Financial has suffered losses in recent years, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $25 per share. How many of the old shares must be given up for one new share to achieve the $25 price, assuming this transaction has no effect on total market value?
Answer

A. 47.50
B. 49.88
C. 50.00
D. 52.50
E. 55.13

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Ross Financial has suffered losses in recent years, and its stock currently sells for only $0.50 per...

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