Surf City Has Decided on a 1-For-5 Reverse Stock Split

question 286

Multiple Choice

Surf City has decided on a 1-for-5 reverse stock split. If the firm currently has 20,000,000 shares outstanding, how many shares will be outstanding after the stock split?

• A) 10,000,000 shares
• B) 20,000,000 shares
• C) 5,000,000 shares
• D) 4,000,000 shares
• E) 2,000,000 shares

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Definitions:

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A sequence of algorithms and keys used to encrypt and decrypt data, ensuring its confidentiality and security during transmission or storage.

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The process of converting information or data into a code, especially to prevent unauthorized access, ensuring the confidentiality of digital data transmitted or stored.