Chase completed a 1 for 15 reverse stock split. Prior to this the stock price sold for $1.5 per share. Market value is expected to drop by 5% after the reverse split. What is the best estimate of the stock price right after the reverse split? Hold other things constant? show work

Chase completed a 1 for 15 reverse stock split. Prior to this
the stock price sold for $1.5 per share. Market value is expected to drop by 5% after the reverse split. What is the best estimate of the stock price right after the reverse split? Hold other things constant? show work
 
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The post Chase completed a 1 for 15 reverse stock split. Prior to this the stock price sold for $1.5 per share. Market value is expected to drop by 5% after the reverse split. What is the best estimate of the stock price right after the reverse split? Hold other things constant? show work appeared first on Superb Professors.

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