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A Firm Has a Total Market Value of $89,600 with 6,500

question 42

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A firm has a total market value of $89,600 with 6,500 shares of stock outstanding.What will be the total market value of the firm if it does a 1-for-2 reverse stock split?

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Definitions:

Eight Binary Digits

Often referred to as a byte, the fundamental unit of digital data storage.

Byte

A unit of digital information that most commonly consists of eight bits, representing a single character of data in most computer systems.

Word

A unit of data of a standard size, typically a fixed number of bits or bytes, depending on the architecture of the computer system.

Data

Information or details that are collected and used for reference, analysis, or computing.

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