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ACME Inc. has decided on a 10for1 reverse stock split. If the firm currently has​ 40,000,000 shares​ outstanding, how many shares will be outstanding after the stock​ split?

Respuesta :

abiolataiwo2015

Answer:

$4,000,000 Shares

Explanation:

Calculation for how many shares will be outstanding after the stock​ split

Using this formula

Outstanding Shares after stock split =Shares​ outstanding ÷Reverse stock split

Let plug in the formula

Outstanding Shares after stock split =$40,000,000÷10

Outstanding Shares after stock split =$4,000,000 Shares

Therefore the amount of shares that will be outstanding after the stock​ split will be $4,000,000

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