7 Carvana (CVNA) is suffering with a share price of $3 down from $223 a year ago (yikes!). The company could likely go bankrupt. Assume, Carvana tries to solve this problem via issuing a 1:100 reverse share split when their share price is at $3 a share. You had 10,000 shares of CVNA pre-split. After the 1:100 reverse split, you now have _____ and expect the price of CVNA to be around _____ per share a day

7 Carvana (CVNA) is suffering with a share price of $3 down from $223 a year ago (yikes!). The company could likely go bankrupt. Assume, Carvana tries to solve this problem via issuing a 1:100 reverse share split when their share price is at $3 a share. You had 10,000 shares of CVNA pre-split. After the 1:100 reverse split, you now have _ and expect the price of CVNA to be around _ per share a day

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 2P

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