You Own Stock in a Company That Just Announced a 1-3

question 59

Multiple Choice

You own stock in a company that just announced a 1-3 reverse stock split.If shares currently trade at $15 a share,what should the stock price be after the reverse stock split?

• A) $15
• B) $5
• C) $45
• D) $30

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Definitions:

Departing Employees

Refers to the employees who are leaving an organization, either voluntarily or involuntarily, and the processes involved in their exit.

Job Recruits

Individuals who have been selected or are in the process of being hired to fill positions within an organization.

Television Advertisements

Visual and audio marketing messages broadcasted on television to promote products, services, or ideas to a wide audience.

National Focus

A strategic prioritization by a country on specific areas of development or sectors.