Description of this paper

The market value of the marketing research firm Fa...

Description

Solution


Question

The market value of the marketing research firm Fax Facts is $700 million. The firm issues an additional $100 million of stock, but as a result the stock price falls by 2%. What is the cost of the price drop to existing shareholders as a fraction of the funds raised? (Enter your answer in millions.)

 

Paper#10833 | Written in 18-Jul-2015

Price : $25
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