A student remarks: 135,000,000 shares of General Electric were sold yesterday on the New York Stock Exchange,
Question:
A student remarks: “135,000,000 shares of General Electric were sold yesterday on the New York Stock Exchange, at an average price of $25 per share. That means General Electric just received over $3.4 billion from investors.” Briefly explain whether you agree with the student’s analysis.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
If these shares of stock were newly issued by GE and sold to the pub...View the full answer
Answered By
Rohith Bellamkonda
I am studying in IIT Indore,the most prestigious institute of India.I love solving maths and enjoy coding
1+ Reviews
10+ Question Solved
Related Book For 
Money, Banking, and the Financial System
ISBN: 978-0134524061
3rd edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
Question Posted:
