What is the average issue price per share

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Question - Ten years ago, Vita Ltd. issued 472,000 shares, which are still outstanding, for a total value of $2,265,600. The board of directors for Vita Ltd. has become concerned with the dramatic drop in the market price of the shares to $0.30 per share. The company is at risk of being delisted if the share price drops below $0.25 per share.

What would be the required reverse stock split to move the market price to $4.80 per share?

What is the average issue price per share after your recommendation in part "a"?

Reference no: EM132513188

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