Zebra Corporation currently has 2,500,000 shares of stock outstanding that sell for RM45 per share. Assuming no market imperfections or tax effects exist, determine the share price be after . Determine the new number of shares outstanding when Zebra has a four-for-seven reverse stock split.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
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    Zebra Corporation currently has 2,500,000 shares of stock outstanding that sell for RM45 per share. Assuming no market imperfections or tax effects exist, determine the share price be after . Determine the new number of shares outstanding when Zebra has a four-for-seven reverse stock split.

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