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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:
Taxa
represents the groups or categories in the classification system of organisms, ranging from kingdom down to species.
Inclusive
An approach or policy that ensures all people can participate and are not excluded on the basis of race, gender, disability, or other characteristics.
Eukarya
The domain that includes all eukaryotes: protists, fungi, plants, and animals.
Membrane-Enclosed Organelles
Cellular structures in eukaryotic cells that are surrounded by a lipid bilayer membrane, each with specific functions, such as the nucleus and mitochondria.
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