Electrical Services, Inc

question 18

Multiple Choice

Electrical Services, Inc. would like to expand its operations and would require $2 million in additional funding to do this. After discussing this with shareholders, Electrical Services has decided to raise the necessary funds through a rights offering with a subscription price of $24 a share. The current market price of their stock is $30 a share. How many shares of stock will Electrical Services need to sell through the rights offering to fund the expansion plans?

• A) 66,667 shares
• B) 83,333 shares
• C) 133,333 shares
• D) 166,667 shares
• E) 333,333 shares

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A law enforcement official who operates incognito to investigate criminal activity without revealing their true identity.

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Legal strategies and actions taken to protect oneself or one's interests against legal claims or charges.

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The genetic constitution of an individual organism, often in reference to specific traits or alleles.

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External factors or conditions that affect the growth, development, behavior, and survival of organisms, including both natural and human-made elements.