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.

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Definitions:

Cope

The process of effectively dealing with and attempting to overcome issues and difficulties.

Brave

The quality of being able to face and endure danger, difficulty, or pain without being overcome by fear; exhibiting courage.

Linking

The process of connecting or associating two or more elements together.

Redirecting

A technique used in behavior management to guide someone's behavior from inappropriate to desirable alternatives.