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qwelly [4]
3 years ago
8

The Olive Vase has 56,000 shares of stock outstanding with a par value of $1 per share and a market value of $11 a share. The co

mpany just announced a 3-for-4 reverse stock split. Currently, you own 400 shares of this stock. What will the total value of your shares be after the reverse stock split?
Business
1 answer:
Sati [7]3 years ago
3 0

Answer:

The total value of your shares be after the reverse stock split is $5,500

Explanation:

The total value of your shares will not change.

Consider the following calculation to obtain the answer

Total value = 500(3/4) * $11(4/3) = $5,500

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6 0
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Explanation:

7 0
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