Ross-jordan financial has suffered losses in recent years, Ask an Expert

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Ross-Jordan 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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988099

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