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Question: Versant Corp executed a 1-for-10


Versant Corp executed a 1-for-10 reverse split on August 22. At the time, the corporation had 35,608,800 shares outstanding, and the pre-split price per share was $0.41.
a. How many shares were outstanding after the split?
b. What was the post-price per share after the split?
c. Show that this split was a monetary nonevent for the corporation.



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