Ask Question
14 October, 08:08

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 company 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?

+5
Answers (1)
  1. 14 October, 08:45
    0
    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
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “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 company just ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers