Common stock outstanding at a price

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Reference no: EM131065837

John's has common stock outstanding at a price of $27 a share. The total market value of the equity is $435,000. How many shares of stock will be outstanding if the firm does a 2-for-5 reverse stock split?

a) 40,278 shares

b) 36,000 shares

c) 6,444 shares

d) 7,500 shares

e) 16,500 shares

Reference no: EM131065837

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