Auto Supply Has 54,200 Shares of Stock Outstanding with a Par

question 39

Multiple Choice

Auto Supply has 54,200 shares of stock outstanding with a par value of $1 per share and a market value of $6.20 a share.The company just announced a two-for-nine reverse stock split.What will be the par value per share after the split?

• A)$)22
• B)$)44
• C)$1.00
• D)$2.50
• E)$4.50

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Definitions:

Environmental Hassles

Daily, minor annoyances or problems that individuals encounter in their environment, which can accumulate and contribute to larger stress levels.

General Adaptation Syndrome

A model describing the body's short-term and long-term reactions to stress, consisting of the stages of alarm, resistance, and exhaustion.

Resistance Stage

The second phase in the general adaptation syndrome, characterized by the body's adaptation to a stressor and continuation of the fight or flight response maintenance.

American Psychological Association

A leading scientific and professional organization representing psychology in the United States, dedicated to advancing the discipline.