A Company Needs $3,000,000 for Expansion

question 54

Multiple Choice

A company needs $3,000,000 for expansion. They decide to raise the capital by issuing new shares. How many shares does the company need to sell to raise the amount, if the last share issue was at a price of $1 each and the current market price for the company's shares is $1.50 per share?

• A)500,000 shares
• B)100,000 shares.
• C)1 million shares.
• D)2 million shares.

---

Definitions:

Crisis Team

A group of professionals tasked with responding to and managing emergencies or critical situations, often in mental health settings.

School Climate

The quality and character of school life, encompassing values, interactions, practices, and organizational structures contributing to a school's environment.

Psychological Qualities

Characteristics of the mind that influence behavior, thought processes, and emotional responses.

Physical Qualities

The attributes or characteristics that can be observed or measured in a physical or material sense.