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Use the information for the question(s) below.
Electronic Gaming Incorporated (EGI) is a firm with no debt and its 20 million shares are currently trading for $16 per share.Based on the prospects for EGI's new handheld video game,management feels the true value of the firm is $20 per share.Management believes that the share price will reflect this higher value after the video game is released next fall.EGI has already announced plans to raise $100 million from investors to build a new factory.
-Assume that EGI decides to raise the $100 million through the issuance of new shares prior to the release of the new video game.The number of new shares that EGI will issue is closest to:
Squid
A type of cephalopod characterized by a long body, large eyes, eight arms, and two tentacles.
Concentration Gradient
The gradual difference in the concentration of solutes in a solution between two regions.
Hair Receptors
Sensory nerve endings around hair follicles that allow the detection of light touch or fine movements over the skin.
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