BONUS PROBLEM ( 3 points) Ed owns 1-200 shares of ABC Corp- The compan.docx
1. BONUS PROBLEM ( 3 points) Ed owns 1,200 shares of ABC Corp. The company instituted a
4-for-9 reverse stock split on February 7. The pre-split market price per share was $1.20 . a. How
many shares did Ed hold after the split? b. What was the post-split price per share? c. Show that
the split was a monetary nonevent for Ed.