Fundamentals of Corporate Finance Alternate Edition
Fundamentals of Corporate Finance Alternate Edition
10th Edition
ISBN: 9780077479459
Author: Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 17, Problem 17.8CTF
Summary Introduction

To determine: The number of shares Mr. T gets by using reverse stock split.

Introduction:

Reverse stock split: Reverse stock split is the method, which reduces the company’s share value, which is outstanding; and increases the price per share. Reverse stock split is the opposite of forward stock splits. This works normally as regular dividend, but reverse action will be taken.

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Chapter 17 Solutions

Fundamentals of Corporate Finance Alternate Edition

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