Surf City Inc. has decided on a 5-for-1 reverse stock split. If the firm currently has 20,000,000 shares outstanding, how many shares will be outstanding after the stock split?
A) 100,000,000 shares
B) 20,000,000 shares
C) 5,000,000 shares
D) 4,000,000 shares
Answer: D
Explanation: D) 20,000,000 shares ÷ 5 = 4,000,000 shares outstanding.
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A. logistical B. transactional C. facilitating D. ideation
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What will be an ideal response?
When writing to multiple audiences, adapt to the key decision maker.?
Indicate whether the statement is true or false
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