How many shares of stock will be outstanding

Reference no: EM13269832

Theodore's has common stock outstanding at a price of $26 a share. The total market value of the equity is $429,000. How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split?

a. 7,500 shares
b. 41,250 shares
c. 16,500 shares
d. 6,600 shares
e. 36,000 shares

Reference no: EM13269832

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