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Ross Financial has suffered losses in recent years, and its stock currently sells for only $0.50 per share. Management wants to use a reverse split to get the price up to a more "reasonable" level, which it thinks is $25 per share. How many of the old shares must be given up for one new share to achieve the $25 price, assuming this transaction has no effect on total market value?

47.50

49.88

50.00

52.50

55.13

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M951855

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