What should be the post-split stock price

Reference no: EM133615943

Problem: A corporation is listed on the New York Stock Exchange. Unfortunately, it has seen hard times, and its stock price has dropped to $0.75 per share. Unless its stock trades at above $1.00, it may be delisted by the exchange. The corporation engages in a 1-for-7 reverse stock split. Assuming the effects of no other factors, what should be the post-split stock price?

Reference no: EM133615943

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