Left Turn, Inc., has 120,000 shares of stock outstanding. Each share is worth $94, so the company's market value of equity is $11,280,000. Suppose the firm issues 25,000 new shares at the following prices: $94, $90, and $85. What will the effect be of each of these alternative offering prices on the existing price per share?
Paper#5242 | Written in 18-Jul-2015Price : $25