Problem 18-20 Reverse stock split [LO18-4] Worst Buy Company has had a lot of complaints...
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Problem 18-20 Reverse stock split [LO18-4] Worst Buy Company has had a lot of complaints from customers of late, and its stock price is now only $2 per share it is going to employ a one-for-six reverse stock split to increase the stock value. Assume Dean Smith owns 120 shares d. How has the total value of Dean Smith's holdings changed from before the reverse stock split to after the reverse stock split (based on the stock value computed in part o)? To get the total value before and after the split, multiply the shares held times the stock price, (Input the amount as a positive value. Do not round Intermediate calculations and round your answer to 2 decimal places.) Dean Smith's holdings


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