Reverse stock split is a process by which stock are merged to form a smaller number of proportionally more valuable stock. It boosts a company’s share price.
Since, Peter owns 170 shares of Texaco Stock, after issuing a reverse stock split by Texaco the number of shares with Peter must decrease and that too in proportion.
Therefore, option c and d are rejected.
We are left with option a and b, since 85 is 170/2 which is proportionate (this being one of the criteria).
Hence, Answer is a. 85 shares.
mer2018_MGMT4303Z01-1830-31392 Peter owns 170 shares of Texaco stock. Texaco just issued a reverse stock splt How...
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Please use own words. Thank you. CASE QUESTIONS AND DISCUSSION > Analyze and discuss the questions listed below in specific detail. A minimum of 4 pages is required; ensure that you answer all questions completely Case Questions Who are the main players (name and position)? What business (es) and industry or industries is the company in? What are the issues and problems facing the company? (Sort them by importance and urgency.) What are the characteristics of the environment in which...
Read about Cokes strategy in Africa in the article below and discuss the ethics of selling soft drinks to very poor people. Is this an issue that a company like Coke should consider? Africa: Coke's Last Frontier Sales are flat in developed countries. For Coke to keep growing, Africa is it By Duane Stanford Piles of trash are burning outside the Mamakamau Shop in Uthiru, a suburb of Nairobi, Kenya. Sewage trickles by in an open trench. Across the street,...