You Would Like to Expand Your Firm's Operations into a Neighboring

question 189

Multiple Choice

You would like to expand your firm's operations into a neighboring province but you need $4 million in additional funding to do this. After talking with your key shareholders, you decide to raise the necessary funds through a rights offering with a subscription price of $30 a share. The current market price of your stock is $38 a share. How many shares of stock will you need to sell through the rights offering to fund your expansion plans?

• A) 105,263 shares
• B) 125,000 shares
• C) 133,333 shares
• D) 250,000 shares
• E) 500,000 shares

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