Question $108(0\mathrm{.}28$ points$)$

Before a seasoned stock offering. you owned $1,200$ shares of a firm that had $52,000$ shares outstanding. After the seasoned offering. you still owned $1,200$ shares but the number of shares outstanding rose to $60,000.$ Which one of the following terms best describes this situation?

Overallotment

Percentage ownership dilution

Green Shoe allocation

Red herring allotment

Abnormal event