Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock pr

Question

Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company is going to declare a one-for-six reverse stock split What is the market value of the company prior to the reverse stock split? What will the stock price be after the reverse split'? How many shares will be outstanding after the reverse split? What is the market value after the reverse split? Numbers greater than 1,000, round to the nearest whole number and no commas. Numbers less than 1,000, round to two decimals.

Explanation / Answer

Market value of the company prior to reverse stock split $ 56,000,000 14000000*4 Stock price after reverse split $                  24 4*6 Shares outstanding after reverse split 2,333,333.33 14000000/6 Market value of the company aftre reverse stock split $ 56,000,000 2333333.33*24

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