Taylor's,Inc

question 7

Multiple Choice

Taylor's,Inc.stock has plummeted in value and is currently priced at $4 a share.The exchange on which the stock trades requires that the minimum stock price be $10 a share.Taylor's has decided to do a reverse stock split to avoid delisting.However,when it does this,the firm wants the stock price increased to at least twice the minimum exchange required price.Which one of the following stock split ratios is most appropriate for this situation?

• A)1-for-3
• B)1-for-5
• C)2-for-9
• D)3-for-1
• E)5-for-1

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