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Fancy Frog has 45,000 shares of stock outstanding with a par value of $1 per...

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Accounting

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Fancy Frog has 45,000 shares of stock outstanding with a par value of $1 per share and a market value of $12 a share. The company just announced a reverse stock split of two-for-seven. Currently, you own 500 shares of this stock. What will be the total value of your shares after the reverse stock split? A) $12,133 B) $5,200 C) $6,120 D) $9,067 E) $6,000

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