Klm corp common stock is currently selling for 8 a share, Financial Management

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Klm corp common stock is currently selling for 8 a share

KLM Corp. common stock is currently selling for $8 a share. Due to NYSE listing requirements, KLM decided to declare a non-discretionary 2-for-5 reverse stock split. As a result of the split, KLM common stock market price per share will be _____, all else constant.

$40

$24

$20

$32

$16

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Financial Management: Klm corp common stock is currently selling for 8 a share

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Financial Management: Klm corp common stock is currently selling for 8 a share

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