What is the new quantity of adjo stock possessed by investor

Reference no: EM13899309

The ADJO Prison Corporation, a for-profit entity, is announcing a one-for-five reverse stock split. Investors will receive one share of ADJO stock in exchange for every five shares of ADJO that they own. An investor owns 10,000 shares of ADJO's stock. The stock is valued at $80.00 per share. Given such data, what is the new quantity of ADJO stock possessed by the investor?

Reference no: EM13899309

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