BGA has 345,000 shares outstanding that sell for $30 per share. The company plans a 3-for-5...
BGA has 345,000 shares outstanding that sell for $30 per share. The company plans a 3-for-5 reverse stock split. How many shares will be outstanding after the split?
Homework Answers
Initial Number of Shares =345000
Shares outstanding after that split =Number of Shares
*3/5=345000*3/5 =207000
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BGA has 345,000 shares outstanding that sell for $30 per share.
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