matayamh2016 matayamh2016

28-09-2022
Mathematics

contestada

Mike owns 2,400 shares of JXV. The company instituted a 1-for-8 reverse stock
split on October 17. The pre-split market price per share was $2.13.
a. How many shares did Mike hold after the split?
b. What was the post-split price per share?

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