The new stock price after completing the reverse split

Assignment Help Financial Management

Reference no: EM132022451

In 2011, Citibank has decided to complete a 10:1 reverse stock split. If the firm was currently trading at $4.52 per share, what was the new stock price after completing the reverse split?

A. $0.452 per share

B. $45.20 per share

C. Not enough information to decide.

Reference no: EM132022451

Questions Cloud

Discuss the top three takeaways from class : Discuss the top three (3) takeaways from class (Educational Instructional Technology) that will help you .

Location of a country production curve : Explain how if at all each of the following events affects the location of a country's production curve?

Monopolist produce in order to maximize profit : There are no fixed costs of production. How much output should the monopolist produce in order to maximize profit?

Create a training proposal letter for a potential client : Discuss ways that you plan to apply what you learned in this course and instructional methods in your current(current position Accounting Specialist).

The new stock price after completing the reverse split : If the firm was currently trading at $4.52 per share, what was the new stock price after completing the reverse split?

Provide a brief overview of the health care organization : Provide a brief overview of the health care organization that you have selected for your Senior Project including a summary of the challenges.

Discuss the good point about the balanced scorecard : Good point about the balanced scorecard. Although not a tool for strategy creation it can be other aspects besides finance into the organizations view.

The amount of money she will have to invest today : If Sarah can earn 5 percent annually for the next 28 years, the amount of money she will have to invest today is

Result of the increased competition : Suppose the number of firms you compete with recently increased. You estimated that as a result of the increased competition, the demand elasticity

User Account

All Pages