Peter owns 25,000 shares of Macros Inc., which corresponds to 1% of total shares of the...
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Peter owns 25,000 shares of Macros Inc., which corresponds to 1% of total shares of the company. Peter's shares are valued at $225,000 in total in the market now. By what percentage will the total value of Peter's investment in Macros Inc. change if the company sells an additional 120,000 shares of stock at $5 a share (via rights offering) and Peter forgets to participate? 1% 0.00% 2.65% -5.71% -2.04% Peter owns 25,000 shares of Macros Inc., which corresponds to 1% of total shares of the company. Peter's shares are valued at $225,000 in total in the market now. By what percentage will the total value of Peter's investment in Macros Inc. change if the company sells an additional 120,000 shares of stock at $5 a share (via rights offering) and Peter forgets to participate? 1% 0.00% 2.65% -5.71% -2.04%
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Solution Total number of shares of Macros Inc 250001 2500000 Market price of the share 2250... View the full answer
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date:
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