Wisniewski Inventions Has 560,000 Shares of Stock Outstanding at a Market

question 43

Multiple Choice

Wisniewski Inventions has 560,000 shares of stock outstanding at a market price of $3.90. If the firm declares a 2-for-7 reverse stock split, the company will have ____ shares outstanding at a market price of:

• A) 160,000; $1.11.
• B) 160,000; $13.65.
• C) 160,000; $27.30.
• D) 1,960,000; $1.11.
• E) 1,960,000; $13.65.

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Definitions:

Teen Boys

Male individuals in the adolescent age group, typically between the ages of 13 and 19, experiencing physical, emotional, and social changes.

Own-Age Bias

The tendency to better recognize and remember faces of people who are around the same age as oneself.

Other-Race Effect

The inclination to identify faces belonging to the race one is most acquainted with more effortlessly, believed to form during early childhood.

Own-Race Bias

The tendency to more easily recognize faces of the race that one is most familiar with, compared to faces from other races.