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Business, 22.02.2020 04:58 xojade

In recent years Constable Inc. has suffered losses, 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?

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In recent years Constable Inc. has suffered losses, and its stock currently sells for only $0.50 per...

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